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@ 0xbitcoiner
2023-11-21 14:00:16Token's and Coin's
A cryptocurrency (coin) is the native currency of a particular blockchain. For example, BTC on Bitcoin, ETH on Ethereum, and ADA on Cardano. These coins store value and function as a medium of exchange, similar to traditional currencies.
A token is not native to the blockchain and is minted through smart contracts. Tokens are more like financial assets. They can represent a stake in a DAO (decentralized autonomous organization), a digital product, an NFT, or even a physical object. For example, the UNI token (Uniswap) and USDT (ERC-20 Ethereum, also exists as TRC-20 on the Tron network) are non-native tokens of the Ethereum blockchain (ERC-20).
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