So-called “security tokens” are very special cryptocurrency tokens.
But in order to properly understand their nature, it is necessary to first specify what is meant by a token, and what is meant by security.
Definition of token
Both cryptocurrencies and tokens circulate in the crypto markets.
The term “token” refers to the amounts that are actually transferred when a sender sends them to a recipient. So for example when someone sends say ten Bitcoin, or ten thousand Satoshi, they are actually sending 10 BTC tokens or 10,000 Sat tokens.
But there is a very important difference between real cryptocurrencies, and those that are just tokens: the blockchain.
In fact, only those that are native to individual Blockchains are properly defined as cryptocurrencies. So Bitcoin is the cryptocurrency native to the Bitcoin blockchain, while Ether (ETH) is the cryptocurrency native to the Ethereum blockchain.
On blockchains such as Ethereum‘s, anyone can create tokens that do n
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