Does an account get actual tokens when you call a transfer function in an Ethereum token contract or is it just a balances mapping that registers how many tokens each account (address) has?
I am trying to figure out the difference between sending Ether (which in my opinion are real units which can be transferred from one account address to another and a token created by a smart contract is in my opinion only registered in the bookkeeping of the smart contract itself, right?
Can I say that Ether is registered in the Ethereum ledger and a Token in the ledger of a smart contract? Correct me if I am wrong.