Smart Contracts and Design Token

A token is a record of a balance in a smart-contract that indicates the amount of a particular Cryptocurrency that that investor holds.

The most used network for issuing tokens is Ethereum. Tokens on this network usually follow a specific format, called ERC-20, which ensures that these tokens are compatible with each other. But before talking about tokens, we need to talk about smart-contracts.

These “computer programs” that run on blockchain are able to store values and perform operations that modify those values. In the case of tokens, smart-contracts serve to store balances and create rules for transferring values.

When purchasing a token, a smart-contract records that person A (indicated by the digital address used) has XX of those tokens. Be our member and discover everything that happens in the world of Tokens.