Are there any specific characteristics that set coins apart from tokens in the realm of digital assets?

1 answers

• Lalit DasApr 25, 2023 · 2 years ago
  In the realm of digital assets, coins and tokens have distinct characteristics that set them apart. Coins, such as Bitcoin and Litecoin, are standalone cryptocurrencies with their own blockchain networks. They are typically used as a medium of exchange and store of value. On the other hand, tokens are created on existing blockchain platforms, like Ethereum, and rely on these platforms for their functionality. Tokens can represent various assets, such as utility, security, or even real-world assets. They often serve a specific purpose within a project or ecosystem. So, while both coins and tokens are digital assets, their underlying technology and purpose differentiate them from each other.
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