Why is Crypto Token Better than Crypto Coin?

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DIFFERENCE BETWEEN CRYPTO COIN AND CRYPTO TOKEN?

Crypto Coin

Crypto Token

A Crypto Coin is a virtual currency similar to the physical currency.

A Crypto Token is a digital asset issued on a particular project.

A Crypto coin operates on the protocols of its own blockchain.

A crypto token doesn’t operate on its own blockchain. They’re issued on the Ethereum network.

Crypto Coins are only used as a source of finance and payment on a blockchain.

Examples of Crypto Coins are Bitcoins, Etherum, Cardano, etc.

BR Softech

A Crypto Token has a far-ranging functionality than a Crypto Coin. We can use it to make investments, store value, or make payments.

Examples of Crypto Tokens are Tether, Chainlink, Uniswap, etc.

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Why is Crypto Token Better than Crypto Coin? by LAKSHYA BR Softech - Issuu