Cryptographic token

A unit of accounting that is used to represent the digital balance of an asset. Represents a particular fungible and tradable asset or a utility that is often found on a blockchain. The ownership of a token is evidenced through cryptographic mechanisms. Tokens are the fuel of a network, used to reward stakeholders for network services and make the network attack resistant. Cryptographic tokens are tradable and transferrable among the various participants of the blockchain. All cryptocurrencies are cryptographic tokens, but not all cryptographic tokens are cryptocurrencies.