Category Archives: ShapeShift Updates
The diversity of tokens coming into existence has been bewildering; emblematic of the awesome power of open, global blockchains. This innovation has been fast-paced, and many tokens do not fit into traditional definitions.
At their most fundamental level, tokens (a colloquial term for blockchain ledger entries) are speech: they are inscriptions of meaningful information into a communal record.
How specific ledger entries become defined by various parties beyond that, and how those definitions are reconciled within legacy systems, remains to be seen. We expect new definitions will emerge as society comes to understand the power and diversity of this technology.
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