Before you begin
- Open the worksheet section Decision scope.
- Use the supplied fictional packet; no wallet or personal data is needed.
- Attempt the practice before revealing its model response.
No prior blockchain knowledge is assumed. Start with the meaning of a record and a concrete workshop promise.
This lesson adds: Describe a token using unit structure, function and represented rights.
Topics in this lesson
- A token is a ledger record
A token is a digital record whose meaning depends on the arrangement around it.
- Native asset or contract token
Native assets belong to a network protocol; contract tokens use application rules deployed on that network.
- Describe three separate axes
This course uses three descriptive axes: unit structure, function and represented rights.
- Choose a bounded first decision
A useful beginner result is a defensible description and a list of unanswered questions.