Asset Tokenization on Blockchain Explained in Plain English

Asset tokenization on Blockchain is a steady trend of 2018. It seems that everything is being tokenized on Blockchain from paintings, diamonds and company stocks to real estate. In this article, I will describe what it means to tokenize an asset on Blockchain and how it applies to physical assets. This article is a part of Explained in Plain English series. In the previous article, I explained Ethereum gas in plain English.

Difference between ERC20, ERC721, ERC23 and ERC223 Tokens

What is a Token? In the previous post I mentioned that the primary difference between Ethereum and any other cryptocurrency is that Ethereum is not just a currency, it’s a global computing engine. Ethereum allows creation of distributed applications where smart contracts play a central role. Another important concept within the realms of distributed apps is a token. Tokens can be thought of as a currency within an application built on top of Ethereum.