Difference between Crypto Coin and Token in 2022

Difference between Crypto Coin and Token? Friends, in today’s article we will talk about Cryptocurrency Coins and about Tokens (Crypto Coin vs Token).

Let’s talk about the difference between these two. After all, what is the difference between Crypto Coins and Tokens, are they both the same or are they different?

Because many people either do not know about them and even if they know a little about them,

then they do not have complete information in some way or the other, and they all want to know about it in simple words.

Friends, in today’s time, many beginners who are coming to invest money in this industry, they have confusion between Crypto Coins and Tokens,

they are understanding these two things as the same, due to which they have to suffer huge losses, that’s why for them. It is very important to know what is the difference between Crypto Coin vs Token.

so let’s start now-

Difference between Crypto Coin and Token-

What is Cryptocoin–

About Crypto Coins, Crypto Coins includes those Coins which have their own Block Chain such as (Bitcoin, Bitcoin Cash, Ripple, Litcoin, Cardano) all these are Coins. Those who have their own blockchain have their own technology.

They are not doing cryptocurrency transactions using any third party technology. If they are doing it then they are doing it on their own blockchain and they are doing it on their own technology,

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every single coin has some or the other feature inside their own blockchain.

What is Token-

Now let us talk about tokens, what are tokens. Tokens are those who develop their coins by using someone’s third party technology.

If we talk about tokens, then first comes TRON which is using Ethereum technology, then comes EOS which is also using Ethereum technology, Vechain is also using Ethereum technology, Ontology is NEO Is using technology, Maker is using Ethereum technology, Gas is using NEO technology. 

There are many such coins which are using different third party technology. All these tokens use similar third party technology to make their transactions successful. While this does not happen in crypto coins, they have their own blockchain and their own technology.

Difference between Crypto Coin and Token-

Cryptocoin–

• Cryptocoin use own blockchain technology.
• Cryptocoin is used solely as a transaction.
• All cryptocoins can be called tokens.
• Example :- Bitcoin, Ripple, Ethereum, Binance Coin.

Token–

• Tokens do not have their own blockchain. They use third party blockchain technology.
• Tokens are used to sign transactions with digital agreements.
• Tokens cannot be called Crypto Coins.
• Example: ENJIN, REN, Shiba Inu, Floki Inu, Polkadot.

FAQ-Difference between Crypto Coin and Token

My Final Thought-Difference between Crypto Coin and Token

If you read this post till here then you have got all information abut what is crpto Coin and Token also you have got what is the difference between crptocoin and token.

If you have any doubt then comment me in the comment box.

Please share this post if you got some informative knowledge about crptocoin and Token.