What’s the difference between coins and tokens?
Coins like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) are native to their blockchains, used for payments or fees. Tokens, like USDT, are built on existing blockchains (e.g., Ethereum) and represent assets or utilities. Coins have their own networks; tokens rely on host blockchains. For example, Bitcoin operates independently, Ethereum supports thousands of tokens, and Binance Coin powers Binance’s ecosystem. Tokens enable projects like NFTs or DeFi without building new blockchains. Understanding this helps in investing—coins are often more stable, tokens riskier. Got questions? Ask away! #CryptoBasics #Bitcoin #Ethereum #BinanceCoin #Token $CAKE