❗ Difference between Token and Coin

❗ Difference between Token and Coin

In this article, we would like to present some tips and information about the difference between Token and Coin. If you're ready, let's go see it.

👉🏻 Get to know Token

Tokens are crypto coins that do not have their own blockchain. But it is built on the blockchain of other platforms. that are often built for a more specific and specific purpose. An example of a coin that looks like a token is as follows:

- Zipmex Token (zmt), a token created in accordance with the erc-20 standard, the token of the zipmex platform, a licensed digital asset trading center to conduct business in several country

- Tokens generated on the ethereum blockchain, the standard for ethereum blockchain programming, which is shared among many standards.

👉🏻 Get to know Coin

Coin is a crypto coin that was created to be used as a medium of exchange of goods and services. including other crypto coins which are important characteristics This type of crypto coin is developed on its own blockchain. Here are some examples of coins that look like Coin:

bitCoin is a coin that is created to be used as a peer-to-peer exchange that operates on a blockchain. which you can then use this btc to exchange for other coins

ether is an open-source coin operated by the ethereum platform.

👉🏻 Difference Between Token and Coin

with the following differences:

- Purpose. Tokens have specific and specific purposes. Coin is intended to be used in various exchanges.

- the presence of a blockchain As for Token, it doesn't have its own blockchain, but Coin has its own blockchain.

How are you? Hope this article will be useful for all readers and see you in the next article.

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