• Crypto Expert

Is Bitcoin a token?

There is no clear definition of token, the term.

From general public understanding, yes, bitcoin is a token.

From blockchain / crypto industry, tokens usually are referred to “something with value” built on a public chain or smart contract, such as ERC20 tokens (Ethereum based). Bitcoin is bitcoin, other copycats of bitcoin are called “alt-coins”

From regulators view, In USA for example, IRS thinks both bitcoins and tokens are virtual currencies or assets. FINCEN thinks bitcoin and tokens are currencies or money. SEC / CFTC thinks bitcoin is commodity while tokens could be securities.

2 views0 comments

Recent Posts

See All

Why do people still buy bitcoin?

The quick question is that, “Why not?” Isn’t it a cool thing to have one currency different from fiat issued from government. If don’t think so, then congratulations, you have the same thoughts as 99%

The brief history of cryptos

Bitcoin as the widely used crypto was initiated from year 2008. Bitcoins need to be “mined”by following PoW rules. From 2008 to 2013, there are many cryptos copying or modifying the codes from bitcoin

Can supercomputers mine Bitcoin?

yes but not the best option. A lot of people think mining bitcoins is competing hash power but actually it is a competition of energy efficiency. Super computers cannot compete with ASIC designed for




Thanks for submitting!