What are tokens?

Tokens are computerized resources given by decentralized applications dependent on blockchains. These are applications like the ones you may find on your cell phone, however rather than being worked by a solitary organization, they run totally independently.

Consider it like a free Uber application where cabbies and clients can associate together without paying the go-between organization a cut of benefits.

Since these applications rely upon the foundation of blockchains, exchanges including tokens accompany an additional charge got comfortable the local digital money of the blockchain is referred to.

For instance, when you send a token – suppose USDT – on the Ethereum blockchain, you should pay an exchange expense designated in ETH, which is the local digital money of the Ethereum biological system.