# blockspace token

URL: https://blockspace.wiki/glossary/blockspace-token/

In Blockspace Value Theory, "any asset whose existence required the permanent consumption of Bitcoin block capacity". BVT calls it a receipt of consumption, "not a claim on capacity". Its examples are runes, BRC-20s, alkanes, inscribed sats and Counterparty assets. The Shared Claim Axiom adds how its backing is measured when several tokens claim the same bytes.

Sources:

- block.space docs: Blockspace Value Theory · https://block.space/docs/bvt
- block.space docs: the axiom · https://block.space/docs/axiom

Updated: 2026-10-20