Most Crypto Traders/Investors don’t know the difference between a coin and a token.
This has created a lot of confusion and arguments in the crypto and Blockchain space
So Today we have provided a detailed and brief explanation of each with examples.
If you find this Article interesting,helpful,Educative , Do well to like,follow and Share✅✅✅
A Coin is a digital currency similar to physical currency
A token is a digital asset issued on a particular project
Coins can operate on their own blockchain with their own protocol
Tokens don't necessarily operate on their own blockchain
Coins can be used as a source of payments
Tokens can be used for payments and signing digital agreements
Example of A Coin -Bitcoin and Ethereum
Example of a Token- Solana, Chainlink, Uniswap, Polkadot
