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The Difference Between a Cryptocurrency Coin and Token

What to Know About Coins and Tokens

When creating a new cryptocurrency, you can choose to make a coin or token. A coin has its own blockchain, while a token is built on an existing blockchain.

Coins

Coins are independent cryptocurrencies with their own blockchains. This means that they have their own set of rules and regulations, and they are not subject to the rules of another cryptocurrency. Some of the most popular coins include Bitcoin, Ethereum, and Litecoin.

Tokens

Tokens are built on an existing blockchain. This means that they use the same rules and regulations as the blockchain they are built on. Tokens are often used to represent assets or services, such as loyalty points or in-game currency.