Chapter 4. Token Varieties
Nowadays, there are tokens everywhere, purporting to do everything from replicating loyalty programs and gaming credits, all the way to acting as payment systems within messaging apps and even using token platforms to create more tokens. There are a dizzying number of tokens available at present, all claiming to provide exceptional world-changing utility and value.
The question is: do these tokens really offer what they claim? In this chapter, we'll take a closer look at tokens, particularly:
- Tokens on the bitcoin blockchain (Omni/Counterparty)
- Tokens on custom blockchains (Nxt/Waves)
- Tokens on the Ethereum blockchain (Augur/ICONOMI)
- Tokens on non-blockchain technologies (IOTA/Hashgraph)
We'll take a step back in time to see how ICOs were done back in the good old days, on the good old original bitcoin blockchain, then on other blockchains such as Nxt and Waves, before jumping into the ever-popular Ethereum blockchain. We will also...