WHAT ARE THE TYPES of cryptos
there's two types which are coins and tokens
❤️COIN
These have their own independent blockchains.
Created for transferring value or acting as the main currency of that blockchain.
Examples:
Bitcoin (BTC) — operates on the Bitcoin blockchain.
Ether (ETH) — operates on the Ethereum blockchain.
Binance Coin (BNB) — operates on the Binance Smart Chain
🔵 2️⃣ Tokens
These do not have their own blockchain. Instead, they're built on top of existing blockchains.
Created using smart contracts (e.g., Ethereum ERC‑20, BSC BEP‑20).
Examples:
USDT (Tether) — a stablecoin token on the Ethereum blockchain.
UNI (Uniswap) — a governance token built on Ethereum.
SHIB (Shiba Inu) — a meme token on Ethereum
💡 Summary:
✅ Coins = Have their own blockchain.
✅ Tokens = Created on an existing blockchain.
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