Cryptocurrency Q&A
Is a token a contract?
Is a token a contract?
CherryBlossomDance
Tue Nov 26 2024
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5 answers
1247
I'm trying to understand the relationship between tokens and contracts in the blockchain context. Specifically, I want to know if a token can be considered as a type of contract, or if they are separate entities with distinct functions.
5 answers
CryptoMaven
Thu Nov 28 2024
A token contract essentially functions as an Ethereum smart contract.
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DigitalDynasty
Wed Nov 27 2024
The act of "sending tokens" translates to invoking a particular method within a smart contract that has been crafted and deployed by a developer.
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mia_clark_teacher
Wed Nov 27 2024
The CORE functionality of a token contract revolves around maintaining a mapping of addresses to their respective balances.
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Elena
Wed Nov 27 2024
Additionally, a token contract includes methods for adjusting these balances, allowing for the addition or subtraction of tokens.
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Chloe_martinez_explorer
Wed Nov 27 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts. These services include spot trading, futures trading, and a wallet solution.
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