Coin Vs Token: What’s The Difference? | Dev Technosys

A coin is a cryptocurrency that operates on its own blockchain, such as Bitcoin or Ethereum. It is primarily used for transactions, payments, and value storage.

A token, however, is built on an existing blockchain, like ERC-20 tokens on Ethereum. Tokens serve various purposes, including representing assets, utility, or governance in decentralized applications (dApps). Unlike coins, tokens rely on the parent blockchain for security and functionality.

Understanding the difference between coins and tokens is crucial for navigating the crypto space. For expert blockchain development services, trust Dev Technosys, a leading technology solutions provider.