What is a multibit token?
Excuse me, could you elaborate on what a multibit token exactly is? I'm not entirely familiar with the term, and I'm curious to know how it differs from other types of digital tokens in the cryptocurrency world. Are multibit tokens a recent development in the field, or have they been around for some time now? Additionally, what specific use cases or applications do they typically serve? I'd appreciate it if you could provide a concise yet comprehensive explanation.