Block Creation RightsAccess Rights Defined Access Rights tokens are cryptocurrency that enable access rights are tokens used in a decentralized platform to provide usage of the platform itself. Advantages: Flexibility to the platform while seeming less like an investment Disadvantages: Potential for reduced demand- paying for transaction fees actually doesn’t take that much value....

This type of token is the most common type of token in most blockchainPrivate Key A private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. platforms that have a proof-of-stakeProof-of-Stake An alternative to the proof-of-work system, in which existing stake in a cryptocurrency is used to calculate the amount of that currency one allowed to mine. A proof of stake system requires the prover to show ownership of a certain amount of money rather than requiring a user to perform computational work,... system as token holders can become block validators with their chances roughly equal to the balance of tokensAsset-backed tokens Asset-backed tokens are claims on an underlying asset, from a specific issuer.. Participating in this type of consensus processConsensus Process The process a group of peers responsible for maintaining a distributed ledger use to reach majority decision on the ledger’s contents. involves running a client protocol.

Advantages: People understand staking and can make estimates of their return.

Disadvantages: People don’t always stake their tokensAsset-backed tokens Asset-backed tokens are claims on an underlying asset, from a specific issuer. and excessive staking could reduce transaction volume on the network. It also requires the launching of a new blockchainPrivate Key A private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature..