Tokens and smart contracts: because blockchain is much more than cryptocurrencies
Although at Cysae we try to move away from the perception that blockchain is only cryptocurrencies, we understand that it is a very common confusion. Therefore, create erc20 token in this post we are going to talk about tokens and smart contracts. Anyone who understands a bit of the subject will be thinking about Ethereum and, rightly so, they are well on their way. What is a token and what is a smart contract? Token is generally defined as a “thing” that serves as a representation of another “thing”. In the cryptocurrency blockchain, a token often represents a financial value or a digital asset, similar to how casino chips symbolize fiat money only to be used on various machines and games of chance. Cryptocurrencies are the newest form of digital money and are intended to be a unit of value or payment method. On the other hand, tokens represent an asset or utility, they are transferable goods and can represent coins, loyalty points, assets in a game or basically any...