1. Coins: Coins, like Bitcoin or Litecoin, operate on their own independent blockchain networks. They have their own native cryptocurrencies and can function independently as a medium of exchange, store of value, or unit of account.
2. Tokens: Tokens, on the other hand, are built on existing blockchain platforms like Ethereum. They represent assets or utilities and are often used in decentralized applications (DApps) or specific ecosystems. Tokens can represent anything from digital assets to access rights or voting power within a project.
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