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Coins VS Tokens - Is There a Difference, and Does It Matter?🤔
Manage episode 337466169 series 3381606
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What's a cryptocurrency token, what's a coin, and does the difference even matter? In today's post, I'll provide a beginner-level overview of the difference between cryptocurrency coins and crypto tokens. To briefly summarize, a coin is the native asset of a blockchain that is used to fuel the blockchain and carry out transactions whereas a token is an asset that runs on top of the existing chain and requires the "host" chain and the native currency to be used to process its transactions. #crypto #blockchain #eth
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