What is a token, coin and how do they differ
By A Mystery Man Writer
Last updated 17 Jul 2024
When it comes to using the terms “coin” and “token”, for some people, these concepts are almost the same. Although they are fundamentally very similar, there is still a key difference. Let’s figure out how a token differs from a coin in cryptocurrencies.
Differences between tokens and coins
The main difference that is always in sight is the lack of its own blockchain, a token doesn’t have one. Rather, it runs and functions on an existing platform. The most popular token platform is Ethereum
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