Difference between Coin and Token

Jun 15, 2022

50 likes | 65 Views

Coins are based on blockchains, which means that each blockchain records all transactions involving its own cryptocurrency.<br>Tokens exist in a digital record on the blockchain. But tokens arenu2019t money, as money is typically understood. Instead, they represent things.<br>Often a digital token represents physical or intellectual property, such as a work of art, a piece of music or a book. The best-known example of this is the non-fungible token or NFT.<br>https://lbmblockchainsolutions.com/blog/difference-between-coin-and-token<br>

Diya17

Download Presentation

Difference between Coin and Token

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

DifferenceBetweenCoinAndToken
WhatisaCryptoCoin? A Coins are based on blockchains, which means thateachblockchainrecords all transactions involving its owncryptocurrency.
WhatisaCryptoToken? Tokens are similar to cryptocurrenciesinthattheyarea formofcurrencythatisstoredona blockchainandmaybetransferred fromoneaccounttoanother.Their behavior is affected by smart contract implementations. These smart contracts keep track of the number of token units transferred fromoneaccounttoanother.
DifferenceBetweenCoinAndToken
Thankyou www.lbmblockchainsolutions.com +91-8448443318 GRTower,3rdFloor,Phase8-A,IndustrialArea,Sahibzada AjitSinghNagar,(Mohali)Punjab140308