DIFFERENCE BETWEEN CRYPTO COINS AND CRYPTO TOKEN



Crypto coins are native to their own blockchain. The Bitcoin blockchain coin is BTC. The Ethereum blockchain has ETH. And the Litecoin blockchain uses LTC. These crypto coins are primarily designed to store value and work as a medium of exchange, similar to traditional currencies. This is why crypto coins are also referred to as cryptocurrencies.
Crypto tokens are digital assets that are based on another cryptocurrency's blockchain. A blockchain is a digital ledger in which information is stored in connected chunks. This data can be transaction records or full-fledged blockchain applications known as smart contracts.
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DIFFERENCE BETWEEN CRYPTO COINS AND CRYPTO TOKEN Crypto coins are native to their own blockchain. The Bitcoin blockchain coin is BTC. The Ethereum blockchain has ETH. And the Litecoin blockchain uses LTC. These crypto coins are primarily designed to store value and work as a medium of exchange, similar to traditional currencies. This is why crypto coins are also referred to as cryptocurrencies. Crypto tokens are digital assets that are based on another cryptocurrency's blockchain. A blockchain is a digital ledger in which information is stored in connected chunks. This data can be transaction records or full-fledged blockchain applications known as smart contracts. BLOG: https://lbmsolutions.in/what-is-the-difference-between-crypto-tokens-and-crypto-coins/?utm_source=Tanya&utm_medium=NFT
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What is the Difference Between Crypto Tokens and Crypto Coins?
Blog Introduction: Cryptocurrencies have become a popular way to exchange money, with Bitcoin being the most well-known. But there are many different types of cryptocurrencies, including […]
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