Coins VS Tokens: What's the Difference? | 3-min crypto

Coins and Tokens may seem similar on the surface, but they are fundamentally different. Coins have their own blockchains whereas tokens are built on an existing blockchain.

However, the difference does not stop at the fundamentals; its use cases are different as well.

Watch on to learn more!

Timestamps:
00:00 Intro
00:29 Coins and Tokens explained
01:11 Use cases
02:48 What other differences do you know?

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#coins #tokens #blockchain #web3 #crypto #cryptocurrency #bitcoin #ethereum

[Vituro]

Great vid! Short summary:
L1: coin
Other: token

[prosperbwealth]

Great video. Simple to understand. Thanks!!!

[qssrkrn]

That made soo much sense, appreciate
👍

[Angelgrl]

Hi, thank you for the information...😊❤

[njidekaabuwa]

Am so impressed by your packages, keep up the good work.

[kumupet]

Great Video, very informative and enlightening. Keep up the good Job.

[ahamatdesk]

This guide is easier to understand. Thanks to CGk team

[njidekaabuwa]

It's highly informative and educative, am inspired by it 😂😅🎉

[KryptoLabs]

Great info. Coins and tokens gets messed up, all the time.
Please make a video on staking as well. Coz here it's even a bigger mess.

[benjones]

keep up the good content, learning so much here - thank you Sajad, lots of the other videos are just rubbish 'how to make x amount trading' this i actually learnt something!!!!

[mulychannel]

That, s great, , , thank you so much
👍👍💗

[itonzambanzamba]

I did not know that difference between coins and tokens

[ccanft]

😅nice content


Maybe much more elaborate examples and use cases will help to make it clearer to the

[disco.jellyfish]

So what about the native token of a Layer 2 network that has its own Blockchain/Sidechain. Assets such as MATIC (Polygon) for example? Its the native whatever that is also used to pay for transaction fees on the Layer 2 Polygon network built ontop of Ethereum.

[ryblinkaway]

Just read an article before watching this video: Bitcoin and Etherium are tokens...how can I call Bitcoin, Token...when the name itself is Coin. Bitcoin has its own blockchain...right? so that's why it is a coin. Like Dogecoin, it also has its own blockchain. Does not rely on other networks, to send and or receive.

[kraggark]

I buy LEO and this is the main token for me now.

[orelivanovich]

Some points are not clear, but interesting) And the question is, there is USDT on the OKX wallet, how can I transfer them correctly to Binance, only the seed phrase is: couple december over rack bottom verb couple two water draw resemble addict
I don't know anything else.❣❣❣❣❣

[cryptoman]

What do you think about the LEO token?

[okitimathew]

How to withdraw USDT from OKX wallet? There is only seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive

[fantasiamedia]

That just made me have more questions! I'm even more confused now than I was before! Why are there so many! Can I use them for buying things? I don't see any of these as an option to pay when I go on Amazon.... What's the point? Can't I just ask you to invest 50 euros and I'll give you 1000 Unicorn butterfly fairy dust tokens?