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    Vikshita Vitthal Gujaran in OBOSWAP

    09-Dec-2022 12:47 PM


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    What is the difference between a coin and a token?

    What is the key difference between a coin and a token?
    a) A coin is a digital currency, while a token is a cryptocurrency
    b) A coin exists on the blockchain, while a token doesn’t
    c) A coin is the native asset of a blockchain, while a token is built on top of the blockchain
    d) A token is the native asset of a blockchain, while a coin is built on top of the blockchain

    The world of cryptocurrencies has grown significantly after the first bitcoin mining reward was received in 2009.
    This module will explain the differences between a coin and a token, and will introduce various types of tokens.

    Source - https://academy.binance.com/en/courses/track/beginner-track/crypto-fundamentals/understanding-different-types-of-cryptocurrencies

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