crypto coin vs. crypto token 

by BlockchainBridges  <

The best way to learn a new thing is doing it!

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A cryptocurrency coin is a digital asset that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrency coins are designed to be used as a medium of exchange and can be transferred between individuals or used to purchase goods and services.

Cryptocurrency tokens are a type of digital asset that are built on top of an existing blockchain. They are typically used to represent an asset or utility, and can be transferred between individuals or used to access certain services or products.

The main difference between cryptocurrency coins and tokens is that coins are meant to be used as a standalone currency, while tokens are typically used to represent an asset or utility and are built on top of an existing blockchain. For example, Bitcoin is a cryptocurrency coin that can be used as a standalone currency, while ERC-20 tokens are built on top of the Ethereum blockchain and can represent a variety of assets or utilities.

It's important to note that the terms "coin" and "token" are sometimes used interchangeably in the cryptocurrency industry, and the distinction between the two can be somewhat blurry. However, the general distinction is that coins are intended to function as standalone currencies, while tokens are typically used to represent assets or utilities and are built on top of an existing blockchain.

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