BLOCKCHAIN RESEARCH

Wondering what is the difference between a coin and a token ?

TOKen or COIN?

The question of what is the difference between a coin and a token is one of the most curious questions in the crypto money world. Although it may seem confusing, it has a very simple explanation. To summarize briefly, while the coin is a digital currency with its own blockchain; A token can be defined as an asset that does not have its own blockchain. Here, blockchain should be considered as a highly secure system that distributes encrypted data.

We will try to explain this situation by giving examples from daily life.

Let’s say you’re wanting a new way to get around.Well, the way that I see it, you can either buy your own car and have to manage that car. I keep it up-to-date. Change the oil, replace the tires all that stuff. Its overall responsibility to keep that car because it is yours

Well, the alternative is that you could rent a car. This means you can borrow a car for a monthly payment and in that case, you can use it for whatever purposes, you might need, you just pay the owner the rent for using that car and…