Getting to know Tokens in the crypto world
Getting to know Tokens in the crypto world
believe that many People may think that in the crypto world Coin and Token are the same, so many times they are referred to together as a coin, but the two are actually very different. So, in this article, we are going to learn more about Tokens in order to be able to recognize the differences.
Token, read as Token, is a digital currency that does not have its own network like Coin, but is located in other Blockchain networks. Decentralized Application or Dencetralized Finance, thus making it possible to create from Smart Contract.
Token's function is to exchange goods. or service, which is similar to a coin But it is different in that the Token itself has special properties that have been established, such as tying the value to other types of assets. and access to DeFi (Dencetralized Finance), etc.
As we become more familiar with Tokens, we will be able to easily distinguish between Coin and Token. No more confusion
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