This is a chapter from the Token Economy book series. All subchapters are collapsed under their subchapter headings to make the page more readable. Find copyright information on this text and about the book an the end of the page.
<aside> 🦚 Tokens are cryptographically secured digital certificates that are collectively managed by all nodes of a blockchain network or similar distributed ledger, and in their simplest form just require a few lines of code. They can be seen as the atomic unit of Web3. They are publicly verifiable and globally valid digital certificates – they transcend the established certification authorities that often only operate in a single jurisdiction. Tokens are rights management tools that can represent anything from a store of value to a set of permissions in the physical, digital, and legal world. Their effect on the financial world might ultimately be similar to the effect the Internet had on the postal system.
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<aside> 📖 This is an excerpt from the book “Token Economy: Money, NFTs & DeFi”
RIGHTS Copyleft 2023, Shermin Voshmgir Creative Commons CC-BY-NC-SA
NON-COMMERCIAL USE This license only allows reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, so long as attribution is given to the creator. If you remix, adapt, or build upon the material, you must license the modified material under identical terms.
COMMERCIAL USE For commercial use contact: [email protected]
BibTeX @book{title={Token Economy: Money, NFTs & DeFi}, author={Voshmgir, Shermin}, year={2023}, publisher={Token Kitchen} }
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