Legal Insights on Token Model

Abstract

Blockchain technology allows data or information to be digitally recorded, ensuring its security by making it impossible to modify or delete it after closing the blocks related to this data or information. Basically, with blockchain, no new elements can be added to the already closed blocks, they can only be read. The blockchain creates the conditions for the secure transfer of information between different people and entities by applying certain pre-established encryption keys. Access to an online network also allows the use of blockchain-specific infrastructure. This article represents a primer in Romanian on blockchain, token economy, and related legal structures.