What is The Difference Between Tokens and Coins in Crypto? - Fully Explained.

Understanding the Crypto Basics
Hey crypto enthusiasts! Are you new to the world of cryptocurrency and wondering what's the difference between tokens and coins? You're in the right place!
In this video, we'll break down the key differences between tokens and coins in the crypto space. From the basics of blockchain technology to the various use cases of each, we'll cover it all.
Tokens vs Coins: What's the Difference?
Tokens and coins are often used interchangeably, but they have distinct characteristics. Coins are native to their own blockchain, like Bitcoin or Ethereum, while tokens are built on top of another blockchain.
Tokens:
Built on another blockchain (e.g. ERC-20 on Ethereum)
Represent assets, voting rights, or utility
Can be created through ICOs or token generation events
Examples: DAI, LINK, UNI
Coins:
Native to their own blockchain
Represent a store of value or medium of exchange
Can be mined or staked
Examples: BTC, ETH, LTC
Key Takeaways
Understand the differences between tokens and coins
Learn about the various use cases for each
Gain a deeper understanding of the crypto space
Join the Conversation!
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Disclaimer
This video is for educational purposes only and should not be considered investment advice. Always do your own research and consult with a financial advisor before making any investment decisions.