Cryptocurrency Q&A
What is the difference between token and coin in blockchain?
What is the difference between token and coin in blockchain?
DigitalDragon
Sun Nov 17 2024
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7 answers
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I want to understand the distinction between a token and a coin in the context of blockchain technology. I'm seeking clarification on their definitions, functions, and how they differ from each other.
7 answers
benjamin_doe_philosopher
Tue Nov 19 2024
Crypto coins possess their own independent blockchain, which sets them apart from tokens.
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HanRiverVisionaryWave
Tue Nov 19 2024
This distinction means that crypto coins operate on a standalone network, separate from other blockchain systems.
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Eleonora
Tue Nov 19 2024
In contrast, tokens are built on an existing blockchain, leveraging the infrastructure of another network.
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CherryBlossomGrace
Tue Nov 19 2024
Crypto coins are designed primarily to serve as a digital currency, enabling transactions and payments.
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LucyStone
Tue Nov 19 2024
Crypto coins and tokens differ significantly in their underlying technology.
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