Definition of the two words "Coin" and "Token" that many of you may need to know!
Accordingly:
- Coin is a digital asset that has its own Blockchain. They are independent and operate separately on their own Blockchain.
For example: BTC, ETH, SOL, BNB, $NULS , DOG,...
- Token is a digital asset that does not have its own Blockchain but must be built on an existing Blockchain.
For example: Most Memecoins and tokens of projects built on existing Blockchains.