Islam_Ambassada
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The Difference Between a Token and a Coin
A coin is a digital asset that operates on its own blockchain. For example, Bitcoin (BTC) runs on the Bitcoin blockchain, and Ethereum (ETH) runs on the Ethereum blockchain. Coins are typically used as a form of digital money, to store value or for transactions.
A token, on the other hand, is built on top of an existing blockchain. Tokens do not have their own blockchain but use the infrastructure of another, like Ethereum. For instance, Uniswap (UNI) and Chainlink (LINK) are Ethereum-based tokens. Tokens can represent assets, utility, or ownership rights and are often used in decentralized applications (dApps).
In short:
****Coins = Native to their own blockchain (e.g., BTC, ETH)
******Tokens = Built on existing blockchains (e.g., ERC-20 tokens on Ethereum)
$BTC $ETH $SOL #AltcoinETFsPostponed
A coin is a digital asset that operates on its own blockchain. For example, Bitcoin (BTC) runs on the Bitcoin blockchain, and Ethereum (ETH) runs on the Ethereum blockchain. Coins are typically used as a form of digital money, to store value or for transactions.
A token, on the other hand, is built on top of an existing blockchain. Tokens do not have their own blockchain but use the infrastructure of another, like Ethereum. For instance, Uniswap (UNI) and Chainlink (LINK) are Ethereum-based tokens. Tokens can represent assets, utility, or ownership rights and are often used in decentralized applications (dApps).
In short:
****Coins = Native to their own blockchain (e.g., BTC, ETH)
******Tokens = Built on existing blockchains (e.g., ERC-20 tokens on Ethereum)
$BTC $ETH $SOL #AltcoinETFsPostponed
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