What a token is and how it works
Tokens are instruments that attest ownership, access or use and are guaranteed by the security of the blockchain
In simple terms, tokens are digital tools that live within a blockchain and can represent different types of rights: ownership, use or access to a service.
Their nature varies depending on the technical model with which they are created. The blockchain provides the environment in which these tokens are generated and exchanged: a distributed network that eliminates the need for a central authority.
The security and ownership of each token is guaranteed by the network consensus and each step is recorded permanently and cannot be changed.
A key role is played by smart contracts, programmes that are automatically activated when certain conditions are met. They can, for instance, transfer tokens once a transaction is completed or pay for a service automatically, thus reducing dependence on intermediaries.
