Post
Topic
Board Altcoin Discussion
Re: token
by
kraterion
on 30/04/2018, 11:06:13 UTC
what is a token? and how could I use it?

Ethereum's tokens (ERC20 and ERC223) are basically smart contracts running on the ethereum virtual machine. Since they are smart contracts you need gas (ETH's fees) to interact with them, for example to send them to another ETH address, to burn them, to unlock them etc...