Cryptocurrency Q&A What is the key difference between a coin and a token?

What is the key difference between a coin and a token?

KimchiQueenCharmingKissWarmth KimchiQueenCharmingKissWarmth Wed Oct 30 2024 | 6 answers 1302
I want to understand the fundamental distinction between a coin and a token. What sets them apart and makes them unique from each other? What is the key difference between a coin and a token?

6 answers

KimchiQueenCharm KimchiQueenCharm Thu Oct 31 2024
Coins represent digital assets that function autonomously on their respective blockchain networks.

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GyeongjuGlorious GyeongjuGlorious Thu Oct 31 2024
These functionalities can range from representing a utility within a service to acting as a governance token.

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Chloe_jackson_athlete Chloe_jackson_athlete Thu Oct 31 2024
BTCC is a prominent cryptocurrency exchange that offers a comprehensive suite of services. These include spot trading, futures trading, and a secure wallet solution.

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BlockchainWizardGuard BlockchainWizardGuard Thu Oct 31 2024
Unlike coins, tokens operate within the framework of an already established blockchain system.

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Andrea Andrea Thu Oct 31 2024
Coins serve as a primary means of exchange in the digital realm.

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