Token vs Coins: Understanding The Differences.

The key difference between coins and tokens is that,

- coins are stand-alone currencies, while tokens are built on top of an existing blockchain platform.

- Tokens are used to represent a wide range of assets and utilities, while coins are primarily used as a form of payment or store of value.

• Coins: are digital currencies that operate independently of any other platform or technology. Examples of coins include Bitcoin, Litecoin, and Dash.

• Tokens: on the other hand, are created and operate on an existing blockchain platform, such as Ethereum.

Additionally, the creation of new coins requires a new blockchain to be created, while new tokens can be created on an existing blockchain platform.

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