#CreatorPad A crypto coin (or cryptocurrency coin) is a type of digital money that exists only online and uses cryptography (special math codes) to secure transactions.
Here’s a simple breakdown:
✅ Digital form of money – You can’t touch or hold it like cash; it exists on the internet.
✅ Uses blockchain technology – All transactions are recorded on a public digital ledger (blockchain) so no one can cheat or double-spend.
✅ Decentralized – Most crypto coins are not controlled by any bank or government.
✅ Can be used for payments or investment – You can use crypto to buy things (where accepted) or hold it like an asset, hoping the price will go up.
🔹 Examples of Popular Crypto Coins:
Bitcoin (BTC) – The first and most famous cryptocurrency.
Ethereum (ETH) – Known for smart contracts and decentralized apps.
BNB (Binance Coin) – Used on the Binance exchange.
Solana (SOL) – Known for fast transactions.
📌 Difference between “coin” and “token”
Coin → Has its own blockchain (e.g., Bitcoin, Ethereum).
Token → Built on another blockchain (e.g., Shiba Inu on Ethereum).
👉 Do you want me to explain how crypto coins are created (mining, staking) or how people buy and store them?
A crypto coin (or cryptocurrency coin) is a type of digital money that exists only online and uses cryptography (special math codes) to secure transactions.
Here’s a simple breakdown:
✅ Digital form of money – You can’t touch or hold it like cash; it exists on the internet.
✅ Uses blockchain technology – All transactions are recorded on a public digital ledger (blockchain) so no one can cheat or double-spend.
✅ Decentralized – Most crypto coins are not controlled by any bank or government.
✅ Can be used for payments or investment – You can use crypto to buy things (where accepted) or hold it like an asset, hoping the price will go up.
🔹 Examples of Popular Crypto Coins:
Bitcoin (BTC) – The first and most famous cryptocurrency.
Ethereum (ETH) – Known for smart contracts and decentralized apps.