Is the crypto token and coin the same thing?   

Lily Campbell
@Lily.Campbell · Posted 16 Feb. 2022

Jane Martin
@Jane.Martin · Updated 17 Feb. 2022

  • Blockchains that are decentralized are the ultimate foundation for all cryptocurrencies, tokens, and coins.

  • Crypto Coins are only meant to be used for transactions directly that are very much similar to conventional money.

  • Whereas tokens are used for the foundations that are the same and are laid by coins but altogether it represents digital files & functions to tradable assets.

Kelly Jackson
@Kelly.Jackson · Updated 16 Feb. 2022

The actual difference is that crypto coins allow a single person to make the deposit using the digital currency only. Tokens can be used by individuals for various reasons. It can be used for trading, as a form of currency, or as a value store.

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