Although the terms "crypto coin," "crypto token," and "cryptocurrency" are frequently used interchangeably, they don't mean the same thing. Although distributed ledger technology (often referred to as blockchain technology) is used by both coins and tokens, there are several key distinctions between the two.
The short version is that crypto coins are a type of digital money that is frequently native to a blockchain and serve primarily as a means of value storage and exchange.
Crypto tokens are digital assets that can represent a physical thing or provide access to platform-specific features and services. They are constructed on top of an existing blockchain using smart contracts.
Comments
Post a Comment