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Tokens crypto

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How much is tax on crypto

On the other hand, it might only be a number your wallet keeps track of. A security token is created using a process called tokenization. Consensus mechanisms are agreed upon sets of rules that determine how blockchains operate—including fee structures, how transactions are processed and agreed upon, and how network operators are compensated. Ethereum's native token, ether, was developed to be used to pay transaction fees within the Ethereum network.