A tokenTokens are created and distributed on a blockchain and can represent a variety of assets or utilities, including commodities, loyalty... Read More swap involves the exchangeAn exchange is a marketplace where traders can buy and sell cryptocurrencies and other digital assets. The "exchange" acts as... Read More of one cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More for another. For example, an investor might want to convert their EtherEther is the cryptocurrency used on Ethereum. Ether holders can buy, sell, or use Ether to pay transaction fees on... Read More (ETHETH is the stock symbol for Ether. Read More) into ERC20 tokens. The investor would initiate a “token swap” by sending ETH to a smart contract addressA smart contract address is the public address of a blockchain-based smart contract. By being stored on the blockchain, a... Read More. The smart contractSmart contracts are computer programs that facilitate self-execution and self-enforcement of digital contracts and agreements without third-party intermediaries (such as... Read More would then issue the corresponding number of new Tokens back to the original walletWallets are a digital storage facility for digital currency. A wallets can exist as a software program on a computer... Read More.
