Tokenization is the transformation of a physical asset like land, art-work, gold, equity, etc to a digital form on a distributed ledger known as a blockchain. A blockchain is a sequential, timestamped database that is stored on multiple computers at different geographical locations. Because all ledgers are the same, a single entry can be easily searched from any point on the network. You control your asset and the corresponding tokens through your private key.
Crypto Currency Mining
A network node that finds valid proof of work for new blocks, by repeated hashing is a process known as crypto currency mining. These miners are essentially pools of computers devoting their computational power towards solving complex mathmatical equations. The first miner to come up with the correct answer to the equation earns what is know as a ‘block reward’ which contains a value crypto currency. The miners are responsible for verifying the transactions that take place on the network and also earn the culmination of the transaction fees for a given block in the chain.
Why does decentralization matter?
Token Address OnChain ONC
Install METAMASK to interact with derivative contract. METAMASK is a Chrome extension wallet.