What are tokens in blockchain?

TOKENS are digital assets defined by a project or smart contract and built on a specific blockchain . Token can be UTILITY TOKENS or SECURITY TOKENS. UTILITY TOKENS are also called consumer or incentive tokens.

How many cryptocurrencies are there? In short, there are nearly over 10,000 as of 2022 – a severe increase from just a handful of digital coins in 2013. Note, however, that a large portion of these cryptocurrencies might not be that significant.