From e65c3dfbdabffbc36134c42da21f22d7bd4dcc47 Mon Sep 17 00:00:00 2001 From: mDuo13 Date: Thu, 17 Feb 2022 15:32:59 -0800 Subject: [PATCH] Tokens: add note on historical usage --- content/concepts/tokens/tokens.md | 2 ++ 1 file changed, 2 insertions(+) diff --git a/content/concepts/tokens/tokens.md b/content/concepts/tokens/tokens.md index 37ead37d58..f31518437f 100644 --- a/content/concepts/tokens/tokens.md +++ b/content/concepts/tokens/tokens.md @@ -8,6 +8,8 @@ labels: All assets other than XRP can be represented in the XRP Ledger as **tokens**. Standard tokens are tracked in relationships called [trust lines](trust-lines-and-issuing.html) between accounts. Any account can issue tokens to other recipients who are willing to hold them, but you cannot unilaterally give tokens away to users who don't want them. Tokens can represent any type of value, including "stablecoins" backed by assets that exist outside of the ledger, purely digital tokens created specifically on the XRP Ledger, community credit, and more. +**Note:** Tokens on the XRP Ledger have also been called "IOUs" (as in [I-owe-you](https://en.wikipedia.org/wiki/IOU)) and "issued currencies" in the past. However, these terms are not preferred because they do not cover the full range of digital assets that XRP Ledger tokens can represent. + Standard tokens are fungible: meaning, all units of that token are interchangeable and indistinguishable. Non-fungible tokens are also possible: see [Non-Fungible Tokens](non-fungible-tokens.html) :not_enabled: for details of the XRP Ledger's native support. Tokens can used for [cross-currency payments](cross-currency-payments.html) and can be traded in the [decentralized exchange](decentralized-exchange.html).