I want to understand the distinction between a token and a smart contract. How do they differ in terms of their function and usage in the blockchain technology?
6 answers
SamuraiBrave
Wed Nov 27 2024
These digital assets are often referred to as tokens.
KatanaSwordsmanship
Wed Nov 27 2024
Tokens, controlled by smart contracts, act as digital equivalents for various types of assets.
DongdaemunTrendsetterStyle
Wed Nov 27 2024
A smart contract represents a pioneering concept in digital transactions.
Maria
Wed Nov 27 2024
It is characterized by its programmability and self-executing nature.
CryptoChieftainGuard
Wed Nov 27 2024
Examples of such assets include artwork, cryptocurrency, and carbon credits.