Token vs Coin Coins are based on blockchains, which means that each blockchain records all transactions involving its own cryptocurrency. Tokens exist in a digital record on the blockchain. But tokens aren’t money, as money is typically understood. Instead, they represent things. Often a digital token represents physical or intellectual property, such as a work of art, a piece of music or a book. The best-known example of this is the non-fungible token or NFT. Coins and tokens both represent a store of value, much like fiat currency, such as dollars, euros, yen, etc. But there’s a crucial difference: digital coins are a form of money, while digital tokens represent something that can be assigned a price.

1. Difference Between Coin And Token

2. What is a Crypto Coin?
A Coins are based on
blockchains, which means
that each blockchain records
all transactions involving its
own cryptocurrency.

3. What is a Crypto Token?
Tokens are similar to
cryptocurrencies in that they are a
form of currency that is stored on a
blockchain and may be transferred
from one account to another. Their
behavior is affected by smart
contract implementations. These
smart contracts keep track of the
number of token units transferred
from one account to another.

4. Difference Between Coin And Token

5. Thank you
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