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virtual token

American  
[vur-choo-uhl toh-kuhn] / ˈvɜr tʃu əl ˈtoʊ kən /

noun

  1. a digital unit of value that can be traded and is built on the blockchain of an existing cryptocurrency to represent different kinds of assets, from real estate or art in the real world to services and utilities on the blockchain.

Etymology

Origin of virtual token

First recorded in 1980–85

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Among the sites that offer this virtual token of their esteem are Excite UK, Dash, FortuneCity and the Motley Fool.

From Time Magazine Archive

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.