Tokenization: The Force Behind Blockchain Technology
bitcoin·@raisulhasan·
0.000 HBDTokenization: The Force Behind Blockchain Technology
 [source](https://cointelegraph.com/news/market-strategist-sees-btc-soon-hitting-between-11500-and-11800) In the current era of Blockchain evolution a replacement construct has emerged: tokenization. Tokenization is associate degree intrinsic a part of the Blockchain technology that serves the aim of platform identification and accessibility. # The power of tokens Every Blockchain platform is steam-powered by tokens, generally additionally mentioned as “coins.” Bitcoin may be a token, as is Litecoin, Dash, and alternative currencies that operate over a Blockchain. whereas tokens will represent cash, as within the case of the higher than, they'll additionally represent alternative things. The demand for a specific Blockchain product is typically the most determinant of the worth and ultimate value of its token. this is often why there's a variation within the costs of various altcoins within the Blockchain surroundings. for instance, Bitcoin is a lot of pronto accepted by merchants than Litecoin, and is consequently a lot of valuable. # The force behind Ethereum Ethereum, despite coming back when several older altcoins, remains the third Most worthy cryptocurrency living behind solely Bitcoin and also the its recent fork, Bitcoin money. Ethereum’s worth is essentially determined by the demand for its platform by distributed application (dApp) developers. several of those developers issue tokens to grant access to their services, primarily building their own Blockchains atop Ethereum’s platform. In several cases, developers pre-sale their tokens as a part of associate degree initial coin providing (ICO), and that they sometimes settle for Ethereum’s token “ether” as payment. In essence, the organic worth of a given token or cryptocurrency is set not simply by the practicality, however the demand for its Blockchain product. # Blockchains and their tokens There ar varied Blockchain product living claiming to supply completely different solutions to varied issues. more ar still within the development. Below ar some samples of Blockchain product and what they do: # Steemit Steemit may be a social network that rewards users United Nations agency participate in numerous ways that. The Steemit token is termed STEEM. it's wont to reward content creators and curators of the most effective content on the positioning. # Dash Dash, that stands for “Digital money,” may be a fork of Bitcoin that's fine-tuned for a lot of privacy and instant transactions. The platform’s token is termed DASH. Dash is additionally self-funded through its own Blockchain (a portion of mining rewards fund the currency’s development) and options a operating governance model. # ZCash The token for Zcash is termed ZEC. ZCash may be a cryptocurrency that grew out of the Zerocoin project that aims to boost namelessness for Bitcoin users. Zcash payments ar printed on a public Blockchain, however users ar ready to use associate degree nonmandatory privacy options to hide the sender, recipient, and quantity being transacted. # WishKnish WishKnish may be a network of social marketplace communities that enables its users to make storefronts for numerous varieties of services. The platform additionally permits people inquisitive about discovering product, services and communities that work their desires. Participation in activities is rewarded within the platform’s native token, Knish. # LAToken LAToken is associate degree quality tokenization platform that enables users to convert tangible assets like property or precious art works into tokens, thereby creating them saleable in fractions. The token that powers the skeletal muscleoken platform is that the LAT. # Tokens ar for identity and investment The higher than mentioned ar simply a couple of of the many cryptocurrencies and also the platforms that they represent. whereas the primary 3 ar well-established entities that ar listed on major exchanges, the others ar still in their biological process stages. The strength and identity of a Blockchain product is most frequently pictured by the characteristics of its token. However, whereas these tokens stand because the identity of their various Blockchains, providing access to the services or solutions provided by their resident platforms, they additionally double as digital assets and opportunities for investment reckoning on what proportion the community values their platforms # would you like to add some point ? # Please comment below and also [follow Me](https://steemit.com/@raisulhasan)