Digital assets, such as cryptocurrency, is generally classified in one of two ways; a coin or a token. The two are strikingly similar and often interchangeable terms, however, there does exist a distinction between the two. That distinction between a coin and a token is its technical naivety to the base layer blockchain. Coins are built into blockchains, where as tokens are built on top of blockchains.

     Coin, is used to refer to a controlled monetary unit that is used to fuel activity on a network. Coins are typically viewed as commodities rather than equities.

     A public blockchain that issues digital currency requires the presence of a native unit of account and incentive mechanism. That unit of account and incentive mechanism is presented in the form of a scarce digital asset, namely a coin.  

      Related Terms:



BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

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