Balances

Balance is the amount of a specific tokenized asset (tokens) held at a blockchain address. A balance can be queried for a single asset, multiple assets, or all assets associated with an address (or a user controlling one or more addresses). It represents the current amount of available funds within the system, reflecting on-chain ownership and up-to-date asset holdings.

Every asset has its own representation in real world and thus has its own natural units of measure which are defined for the digital asset when it is created. For example, steel is measure in kilograms or tons and man-hours in days or hours.

Every digital asset written to the blockchain has unified indivisible unit of measure. In TEOS we call it Spark. Spark is the generalized term for the smallest indivisible fraction of a digital asset (like one Satoshi is for Bitcoin or one Wei is for Ether).

📘 Learn more about natural units of measure and Sparks.