What is the difference between a coin and a token?

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What is the difference between a coin and a token?

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Kelvindhope · Answer 1 · 2024-06-09T16:06:43+0000

Coins are typically native assets on their own blockchain, like Bitcoin or Litecoin. Tokens, on the other hand, are built on existing blockchains, such as Ethereum, and represent assets or utilities. Coins have their own independent blockchain, whereas tokens are dependent on an existing blockchain.

Muzzammil56 · Answer 2 · 2024-06-11T09:54:45+0000

Coins are native assets of their own blockchain, like Bitcoin or Ethereum, and they have their own independent network. Tokens, on the other hand, are built on existing blockchains, such as Ethereum, and represent assets or utilities. Coins have their own blockchain, while tokens are created on existing blockchains.

What is the difference between a coin and a token?

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