Coin
A coin is a form of digital currency often native to a blockchain, which aims to store value and work as a medium of exchange. They can be mined through Proof-of-Work or earned through Proof-of-Stake.
A coin is a digital asset designed to function as a medium of exchange using cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
Coins are digital versions of traditional physical currencies, such as dollars or euros, and are often decentralized and not backed by any central authority, such as a government or bank.
One of the key differences between a coin and a token is that coins are typically designed to function as their own independent blockchain. In contrast, tokens are built on top of an existing blockchain platform like Ethereum.
Another key difference between coins and tokens is their use cases. Coins are typically used as a payment and transfer of value, while tokens can represent a wide range of assets, including but not limited to voting rights, equity in a company, or access to a particular service.
Some well-known examples of coins include Bitcoin, Litecoin, and Monero. In contrast, popular examples of tokens include ERC-20 tokens on the Ethereum platform and Tether, a stablecoin pegged to the value of a traditional currency.
