Coin vs token
Let’s do some learning shall we ?? 😌😌
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="720" height="376" />)
Looking at the differences between a Coin and a Token.
1. Coins are built into a Blockchain while Tokens are built on top of an existing Blockchain.
2. Coins requires significant resources and skills to create while tokens are relatively easy to create.
3. Coins are mostly distributed through mining while tokens are mostly distributed through Initial Coin Offerings.
4. Coins are used to store or transfer money while tokens have a variety of uses (e.g security, asset representation)
5. Coins are valid with any merchant who uses the currency while tokens are only valid with one merchant.
Having learnt this , let’s quiz a little
#mara #cryto #web3
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