Hello my dear Friends of Tron Fan Club.
How are you my all friends of this great and wonderful community? I hope my all friends will be good and happy, by the grace of God I am also happy and well. Today i will be sharing with you the difference between Tokens and Coins These are very important concept that know before investment.
Coin Vs Token:
Lets start with Coin and Token and try to know the basic difference between them. Coins have their native blockchain. It has their own blockchain like Bitcoin, Eth and Tron etc. for example if i talk about these coin that i mention above so these coins have their own blockchain like Bitcoin has bitcoin.org blockchain. Eth has etherscan.io and Tron has tronscan.org. Basically crypto coins are used as a source of payment and Crypto token use as the digital contracts but it also use as digital payment. Tokens are those that do not have their own blockchain or platform. These tokens are developed on other contract address. These tokens depend on other blockchain.
Now we discus about the ERC-20 Tokens. Those token that are developed on Eth blockchain are called ERC-20 Token. Its mean that, Tokens are created by using Eth blockchain.
Why Crypto token are created as compare to crypto coins. Basically those developer or organisations that have no huge amount of investment at initial stage that they can make their own blockchain and can bear the other expense. So they use the other blockchain and generate the contract then issue their own tokens on this contract.
Firstly, Tron is the Eth base token but now it has their own blockchain. Same as it is, BNB is the Eth base token but now it also has their own (Binance smart chain) blockchain. Firstly, Trx and Bnb are tokens but after developing their own blockchain now they called Coins.
Thank You Guys For giving your precious time on my Post.
