Token

Token is the word used to designate a cryptocurrency on a blockchain, that isn’t the main cryptocurrency of the blockchain, and has been created through a smart contractSmart contractA smart contract is computer code run on a blockchain. It ranges from simple algorithms to complex programs..

Blockchains without smart contracts, such as Bitcoin, cannot have tokens.

Blockchains with smart contracts, such as Ethereum or the Binance Smart Chain, can have tokens. It is possible to create a token on these blockchains, through a smart contract.