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  1. vishakha

     

    Difference Between Crypto Coin And Crypto Token

     

    The primary difference between coin and token is their utility. Tokens allow you to accomplish things that coins do not. However, some marketplaces will only accept coins rather than tokens.

     

    Crypto Coins: Coins are based on blockchains, which means that each blockchain records all transactions involving its own cryptocurrency.  Coins typically develop their own infrastructure, with control over how they are created, how they are protected from assaults, how their supply is controlled, how transactions are processed or recorded, and who they reward.

     

    Crypto Tokens: 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.