Difference between coins and tokens explained.
Even though it's often used interchangeably, there is actually a difference between a coin and a token. And then there is a whole range of other cryptocurrencies out there, with unique purposes. Learn about them in this article.
Refers to all the coins and tokens.
A coin is an asset that is native to its own blockchain. Each of these coins exists on its own blockchain. Example: Bitcoin, Ethereum.
Tokens are created on existing blockchains. Example: Tokens built on the Ethereum blockchain; ERC-20 tokens.
A cryptocurrency is a coin or token that is solely used as a currency, to pay for goods and services.