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
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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