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$ETH $BTC In the world of cryptocurrencies, coins and tokens are two fundamental concepts that are often confused. Although both are digital assets, they differ significantly in how they operate, their purposes, and applications. In this article, we will explore in detail the differences between coins and tokens, along with illustrative examples to help you easily distinguish between them.
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What is a Coin?
Coin is a type of cryptocurrency developed on its own blockchain. Each coin has an independent blockchain and a distinct operating mechanism. Coins are often created primarily to serve as a means of payment, store value, and exchange like traditional currency.