What Is the Difference Between Coins and Tokens?

in btc •  3 years ago 

dbct.png

What is a Token?

A token is any digital plus produced on the blockchain. it's typically issued or minted on another blockchain, typically existing aboard many alternative tokens that belong to different projects.

Anyone will simply create a crypto token by writing a bunch of pc codes or maybe mistreatment automatic tools.
i.e, trx, Usdt, vet & omg.

What is a Coin?
A coin is a cryptocurrency that runs on its blockchain. It is also referred to as the “native token” of the blockchain and often serves as a way for projects to pay transaction fees while building out their applications on the same blockchain.

Building out a blockchain requires many human and financial resources (millions of pounds), meaning that not everyone can launch a coin. However, anyone can create a crypto token and name it anything they want (LOL).
For example Bitcoin, Etherium & ADA

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!