what id the difference between crypto coin and crypto token?

cryptocoin is typically decentralized digital money designed to be used over the internet. In the decade since, Bitcoin and other cryptocurrencies like Ethereum have grown as digital alternatives to money issued by governments.

Why is cryptocurrency the future of finance?

Cryptocurrencies are the first alternative to the traditional banking system, and have powerful advantages over previous payment methods and traditional classes of assets. Think of them as Money a new kind of cash that is native to the internet, which gives it the potential to be the fastest, easiest, cheapest, safest, and most universal way.

Digital currencies provide equality of opportunity, regardless of where you were born or where you live.

Digital currencies’ essential borderlessness facilitates free trade, even in countries with tight government controls over citizens’ finances.

What are crypto tokens?

A Blockchainx is a digital ledger that stores information in blocks that are linked. Every cryptocurrency is built on a blockchain.

Crypto tokens vs. crypto coins

To make it clearer, let’s use Ethereum (CRYPTO:ETH) as an example.

These cryptocurrencies operate on Ethereum’s blockchain instead of their own, which makes them crypto tokens (the official term for tokens built on Ethereum are ERC-20 tokens).

Because it’s much easier to create a token than a coin, there are far more scams and lackluster projects launched using tokens. However, that doesn’t mean all tokens are bad investments or that all coins are good ones. There are plenty of tokens with interesting use cases.

That’s a big deal because it makes the process of developing cryptocurrencies much faster, simpler, and less expensive.

For developers who want to make their own crypto coin, blockchain development is a serious technical undertaking.

Building the blockchain isn’t the end of the process either.