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Difference Between Crypto Coins And Crypto Tokens
The main difference between crypto tokens and crypto coins is that while crypto coins are independent digital currencies that operate on their own blockchain networks, crypto tokens are used within specific applications or platforms.
Crypto Coins
Crypto coins, like Bitcoin, are independent digital currencies that operate on their own blockchain networks. These coins can be mined for new units of the currency and can be exchanged for other currencies or goods and services. Crypto coins are designed to act as a form of digital money and are not used to purchase goods or services on their own blockchains.
Crypto Tokens
Crypto tokens, on the other hand, are typically used within a specific application or platform. They can represent anything from voting rights to physical assets in the real world, such as stocks and commodities. In general, crypto tokens are used to access something within an ecosystem; they don’t necessarily have their own blockchain network.
