05-03-2021, 11:55 AM
Coins vs tokens. What’s the difference?
<!-- SC_OFF --><div class="md"><p>I see these 2 terms confused a lot and if you didn’t know, these 2 words have very different meanings which I’ll be explaining now. </p> <p>Coins are cryptocurrencies that have their own ecosystem. For example, Cardano, Ethereum, bitcoin, etc. are all coins because they have their own blockchain and don’t depend on other blockchains.</p> <p>Tokens on the other hand are currencies built on other currencies’ blockchain. For example, USDT is built on ethereum blockchain which means it’s a token of ethereum network.</p> <p>Hope this clarifies it a bit</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ThrowAway0183910"> /u/ThrowAway0183910 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3778r/coins_vs_tokens_whats_the_difference/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3778r/coins_vs_tokens_whats_the_difference/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I see these 2 terms confused a lot and if you didn’t know, these 2 words have very different meanings which I’ll be explaining now. </p> <p>Coins are cryptocurrencies that have their own ecosystem. For example, Cardano, Ethereum, bitcoin, etc. are all coins because they have their own blockchain and don’t depend on other blockchains.</p> <p>Tokens on the other hand are currencies built on other currencies’ blockchain. For example, USDT is built on ethereum blockchain which means it’s a token of ethereum network.</p> <p>Hope this clarifies it a bit</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ThrowAway0183910"> /u/ThrowAway0183910 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3778r/coins_vs_tokens_whats_the_difference/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3778r/coins_vs_tokens_whats_the_difference/">[comments]</a></span>Kind Regards R