Back to photostream

What is a Crypto Token and How is It Different from Cryptocurrency?

Difference between crypto token and cryptocurrency:

 

According to Crypto token development Services industry analysts, all coins are considered tokens, but all tokens are not coins in the crypto sector.

A crypto coin is typically native to a blockchain. In contrast, a token typically uses the blockchain of another coin in Crypto token development Services.

Coins directly represent a proposed medium of exchange. Tokens, on the other hand, are an asset.

Blockchain handles crypto coin transactions, whereas intelligent contracts take token trades.

A token represents what a person has, but a coin means what they can have.

 

URL:

 

enclavefxtechno.com/Tokenization

 

 

11 views
0 faves
0 comments
Uploaded on June 6, 2022