– Simply put, a token represents what a person owns, while a coin denotes what they’re capable to own . Additionally, everyone has used a token at least once in their life even if not in this form. For example, your car title is a token. When you sell the car, you transfer the value of the title to another person.
Read moreWhat is the difference between cryptocurrency and tokens?
The biggest difference between a cryptocurrency and a token is that cryptocurrencies are the native asset of a blockchain like BTC, RBTC, or ETH, whereas tokens are built on an existing blockchain, using smart contracts . Most commonly, these are EIP-20 tokens.
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