All types of cryptocurrencies are basically divided into two parts. For example, one is a coin and the other is a token. Which is better between coins and tokens? Today I will share with you the difference between what is called a coin and what is called a token.
| Coin |
|---|
Those who have their own blockchain or their own blockchain are called coins
Example:Btc,Etherium,solona,Bnb,Ltc..
Coins are primarily used as money.
That is, it is a medium of transaction.
Coins are created through the process of mining.
If you want to create a blockchain, there is a lot of need here.
Bitcoin is the first cryptocurrency to come before any other
There were no coins and no blockchain.
Bitcoin is a global currency you can transact globally.
Image collect Pixabay
| Token |
|---|
Tokens are those who do not have their own blockchain and bring it to the blockchain of others.
Example: Usdt,Busd,Holo,Erc-20
Tokens are easily generated using smart contracts that do not require any mining.
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https://x.com/MonjurulIslam39/status/1795277839706828939?t=zwuON-4BxUFJhM9Ou7kG_g&s=19
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Many people don't know the difference between coins and tokens, thanks for sharing with us
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