Beginner
Blockchain & Web3
Q11 / 100
What is a "token" in the Web3/blockchain context?
Correct! Well done.
Incorrect.
The correct answer is A) A digital asset created and managed on top of an existing blockchain, often representing currency, access rights, or ownership
A
Correct Answer
A digital asset created and managed on top of an existing blockchain, often representing currency, access rights, or ownership
Explanation
Tokens are built using standards (like ERC-20 or ERC-721) on existing blockchains, representing things like currencies, voting rights, or unique digital items.
Progress
11/100