Coins VS Tokens - Is There a Difference, and Does It Matter?🤔


What's a cryptocurrency token, what's a coin, and does the difference even matter? In today's post, I'll provide a beginner-level overview of the difference between cryptocurrency coins and crypto tokens. To briefly summarize, a coin is the native asset of a blockchain that is used to fuel the blockchain and carry out transactions whereas a token is an asset that runs on top of the existing chain and requires the "host" chain and the native currency to be used to process its transactions.

How do you rate this article?


21

1

The Part Time Economist
The Part Time Economist

Hi everyone. I'm just a simple man trying to make my way in the universe. I am passionate about cryptocurrency and hope that I can make at least some small contribution towards promoting wider crypto adoption and understanding.


The Part Time Economist
The Part Time Economist

Hi everyone. This is just a place for me to post some of my thoughts and analysis. I hope that someone finds them useful.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.