ConsenSys. “A Token-Powered Future on Ethereum”. Medium. Dec 02, 2015. Accessed before May 2020. https://medium.com/@ConsenSys/tokens-on-ethereum-e9e61dac9b4e
GPT3 Generated Summary:
The article discusses the use of tokens on the Ethereum blockchain, which allows for the creation of custom digital assets and the establishment of decentralized applications (dApps). The author provides an overview of the key features of Ethereum-based tokens, including fungibility, divisibility, and programmability, and discusses their use cases and applications, such as crowdfunding, loyalty programs, and gaming assets. The article also examines the various types of Ethereum-based tokens, including ERC-20, ERC-721, and ERC-1155, and provides insights into their functionalities and differences. The author concludes by discussing the potential for the tokenization of assets and the creation of new business models enabled by Ethereum-based tokens. Overall, the article provides a useful introduction to the world of tokens on the Ethereum blockchain and their potential to transform various industries.