©  Vikram Dhillon, David Metcalf, and Max Hooper 2017

Vikram Dhillon, David Metcalf and Max Hooper, Blockchain Enabled Applications, https://doi.org/10.1007/978-1-4842-3081-7_7

7. Ethereum Tokens: High-Performance Computing

Vikram Dhillon, David Metcalf1 and Max Hooper1

(1)Orlando, Florida, USA

In the Ethereum ecosystem, transfer of value between users is often realized by the use of tokens that represent digital assets. Ether is the default token and the de facto currency used for transactions and initializing smart contracts on the network. Ethereum also supports the creation of new kinds of tokens that can represent any commonly traded commodities as digital assets. All tokens are implemented using the standard protocol, so the tokens are compatible ...

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