Crypto Coin vs Token
Resolve the forever existing confusion between the crypto coins and tokens. This is to note that coi n s and tokens are two groups in which a cryptocurrency is divided. These coins and tokens are completely different than each other in terms of usage, cost, and requirements. A coin runs on its blockchain only. It does not run on the already existing blockchains. Since it requires its blockchain to be created, it involves high costs. Some of the most widely used crypto coins are Bitcoin, Ethereum, Dogecoin, etc. These assets allow people to invest in and exchange money. A token can be run on an existing blockchain. It means it does not require a new blockchain to be created for its usage. These tokens are used in the form of smart contracts which allow only physical objects and physical or digital services. The most widely used way in which tokens are issued is for a security token offering. This is the way most start-ups raise funds these days. Know What Goes Behind the Creation of a C