What is the significance of digital tokens in blockchain technology? 🔊
Digital tokens in blockchain technology are unique cryptographic assets that represent various forms of value or utility on a blockchain network. They can serve multiple purposes, such as enabling transactions, granting access to platforms, or representing ownership of assets like art or real estate. The significance of digital tokens lies in their ability to facilitate secure, transparent, and immutable exchanges, enhancing trust among users. They also play a crucial role in decentralized applications, driving innovation in various sectors.
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