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The process of cryptocurrency development is complex, but there are two trends that have been very clear. They are Crypto tokens and crypto coins. Investing in Crypto is quite easy with popular tokens that have high price values. Let us see how they differ.

“All coins are tokens, but not all tokens are coins”

Crypto Coins- They are native to their own blockchain platforms like BTC, ETH, and LTC. These coins are mediums of exchange designed to resist value and work similarly to traditional currencies. The coins can pay for goods and services, exchange for other currencies, transfer, and also take advantage of smart contracts to provide advanced features.

Crypto Tokens- Crypto Tokens are not native to a particular blockchain platform. They are assets or deeds built on these platforms using smart contracts to fulfill purposes. A crypto token represents a share of ownership, product, NFT, asset, shares, or any physical object that can be purchased or sold. Tokens can be traded but cannot be used as a medium of exchange.

Interestingly, they both hold great importance. The use case of each depends on the company you are dealing with. It demands transactions in either coins or tokens.
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