What is the difference between "Cryptocurrency" COIN and "Digital Token" TOKEN? 🤔
In the crypto world, many people confuse cryptocurrency (Coin) with digital token (Token). Here’s the difference briefly:
🔸 Cryptocurrency (Coin):
It is a currency built on its own blockchain network.
Common examples:
Bitcoin: operates on the Bitcoin network
Ethereum: operates on the Ethereum network
🔸 Digital Token (Token):
It is a digital asset built on an existing network, often on Ethereum or Solana blockchain.
Examples:
USDT (Stablecoin built on Ethereum or other networks)
UNI (Token of the Uniswap platform)
SHIBA (Meme token built on Ethereum)
✅ Summary:
Coin = Independent network
Token = Project built on an existing network
