Crypto Coin Versus Token: 5 Key Differences
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Cryptocurrency is still new and everyone is rushing to leverage its promising benefits, people often mix up terms used to define the different digital assets.
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An example of this is how the terms crypto coin and tokens are used interchangeably.
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Key Differences Between Crypto Coins And Tokens
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1.
Crypto Tokens Don’t Have A Blockchain Network
Every crypto coin has its blockchain network while tokens don’t have their blockchain network.
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2. Coins Represent A Medium Of Trade While Tokens Represent
an Asset
A crypto coin is used as a medium of exchange. Tokens are used to show the value of what you as an owner hold.
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3. Mobility
When a token is used, the change of ownership happens physically. However, there isn’t any movement when it comes to crypto coins.
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4. Versatility
Crypto coins are used primarily as a payment mode for goods and services. Tokens, meanwhile, have a handful of uses.
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