Cryptocurrency Q&A
Who created tokenization?
Who created tokenization?
ZenHarmonious
Thu Oct 31 2024
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6 answers
1569
I'm wondering about the origins of tokenization. Specifically, I want to know who was the creator or inventor of this concept.
6 answers
ZenMindfulness
Sat Nov 02 2024
Prior to tokenization, merchants typically stored cardholder data on their own servers. This practice exposed sensitive information to potential risks.
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Andrea
Sat Nov 02 2024
With servers often being targets of hackers and cybercriminals, the security of customer credit card numbers was compromised. Any individual gaining access to these servers could easily view or misuse the credit card details.
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InfinityEcho
Sat Nov 02 2024
Digital tokenization emerged as a concept in the early 2000s, specifically in 2001, when TrustCommerce innovated this technology.
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KatanaGlory
Sat Nov 02 2024
Digital tokenization aimed to revolutionize this scenario by replacing sensitive cardholder data with unique tokens. These tokens served as placeholders, allowing transactions to occur without exposing actual credit card numbers.
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charlotte_wilson_coder
Sat Nov 02 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that align with the evolving digital landscape. Among its offerings are spot trading, futures trading, and a secure wallet solution. These services cater to the diverse needs of cryptocurrency enthusiasts and investors.
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