What is difference between token and coin?

In truth there is no such thing as a bitcoin or a wallet , just agreement among the network about ownership of a coin. A private key is used to prove ownership of funds to the network when making a transaction.

– 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.18 Oca 2022

Bitcoin is known as a type of cryptocurrency because it uses cryptography to keep it secure. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to (although each record is encrypted).