Abandoning the link to gold meant that it was entirely up to governments to ensure that their token-based currencies kept their value.

ECONOMIST: The lessons of sound money from 1,000 years' experience

Does history teach that a token-based currency works only if it is anchored to some unambiguous real store of value that a government cannot inflate away?

ECONOMIST: The lessons of sound money from 1,000 years' experience

RSA, the security division of EMC, has confirmed that Lockheed Martin was hacked late last month by attackers who used information stolen from RSA to bypass its token-based safeguard.

FORBES: RSA Offers To Replace Some Customers' Compromised SecurID Tokens

In particular the web giant is exploring hardware authentication options and experimenting with a device called YubiKey -- a USB-based token system.

ENGADGET

Google wants to hand off its proposal to standards bodies in the hopes that some form of PKI-based token authentication will be widely adopted by everyone from browser manufacturers, to website owners to device makers.

FORBES: Google Reveals Details About Its Plan To Fix Password Security