Are Tokens the Same as Coins?
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What is a Digital Asset? In broad terms, a digital asset is a non-tangible asset that is created, traded, and stored in a digital format. Using this definition, in the context of blockchains, digital assets include cryptocurrency and crypto tokens.
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Are Tokens the Same as Coins? The biggest difference between a cryptocurrency and a token is that a crypto coin usually is native to a blockchain and is used to trade currency and store value, whereas a token tends to use another coin’s blockchain.
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For example, Ethereum, is a blockchain. Its native coin is Ether. However, many tokens such as BAT and Loopring operate on this blockchain.
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Coins and tokens both represent a store of value, much like fiat currency, such as dollars, euros, yen, etc.
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Transactions of crypto coins are handled by blockchain, while tokens rely on smart contracts for trade.
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Reference:
.www.developers.rsk.co
.www.news.abplive.com
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Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.