What Is the Difference Between Coin and Token?
People may confuse about the concept between "coins" and "tokens", somebody even uses either name to refer to all the digital assets. However, there is a fundamental difference between the two terms. It is vital for us to know the difference between them. What Is a Digital Asset? There are three terms "digital assets", "cryptocurrencies(coins)", and "tokens", which refer to different concepts in the crypto world, it's essential for us to understand the difference between them. Generally, a digital asset is an invisible asset(without physical shape) that is created, traded, and stored in a digital way. As for blockchain, digital assets include cryptocurrency (coins) and crypto tokens. They are all base on the technology of cryptography that assures security, eradicates the possibility of counterfeiting or double-spending. What Is a Coin? Coins refer to any cryptocurrency that has a standalone, independent blockchain, which means they