Mar
7
First, it is important to understand the difference between coins and tokens. Both are cryptocurrencies, but while the coin - bitcoin, litecoin, dogecoin - works on its own blockchain, the token lives above the existing blockchain infrastructure, such as Ethereum. Blockchain, in its simplest form, is a record of transactions made and secured by a network. So while coins have their own independent transaction books, tokens rely on core network technology to verify and secure transactions and ownership. In general, coins are used to transfer wealth, while tokens can be...
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