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A beginner’s guide to Ethereum tokens


plommer
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What is an Ethereum token?


Before learning about Ethereum tokens, it is important to first understand the basics of Ethereum. Please see my beginner’s guide to Ethereum for those new to this concept entirelyEthereum tokens are simply digital assets that are being built on top of the Ethereum blockchain. They benefit from Ethereum’s existing infrastructure instead of developers having to build an entirely new blockchain. They also strengthen the Ethereum ecosystem by driving demand for ether, the native currency of Ethereum, needed to power the smart contracts. This beginner’s guide should help those who are new to digital assets to understand Ethereum tokens at a high level and how they are different than Ethereum.


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https://blog.coinbase.com/a-beginners-guide-to-ethereum-tokens-fbd5611fe30b


 


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