Tokenization is a phrase that is gaining traction in the Bitcoin realm. But what exactly does it mean? Tokenization is the process of transforming physical assets into digital tokens for storage on a blockchain network. This glossary article will define tokenization in cryptocurrency, its role in cryptocurrency, how it works in blockchain and the various types of tokens. We will also discuss the benefits of tokenization, as well as the obstacles and risks involved, as well as potential trends in this sector. Continue reading to see how tokenization can change the financial environment and impact other industries.
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