In the context of blockchain and cryptocurrency, “coin” and “token” are often used interchangeably, but they actually have distinct meanings. A coin is a digital asset that operates on its own blockchain and typically has its own native cryptocurrency. Examples of coins include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Coins can be used as a means of payment, a store of value, or a speculative investment. A token, on the other hand, is a digital asset that is created and operates on top of an existing blockchain. Tokens can represent various assets such as currencies, commodities, or even real-world assets like property. They can also represent a unit of value within a specific ecosystem, such as a loyalty point within a rewards program. Tokens are often used for fundraising through Initial Coin Offerings (ICOs) or Initial Token Offerings (ITOs). In summary, while both coins and tokens are digital assets, coins operate on their own blockchain and have their own native cryptocurrency, while tokens operate on top of an existing blockchain and represent a specific asset or value within a specific ecosystem. In the context of blockchain and cryptocurrency, “coin” and “token” are often used interchangeably, but they actually have distinct meanings. A coin is a digital asset that operates on its own blockchain and typically has its own native cryptocurrency. Examples of coins include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Coins can be used as a means of payment, a store of value, or a speculative investment. A token, on the other hand, is a digital asset that is created and operates on top of an existing blockchain. Tokens can represent various assets such as currencies, commodities, or even real-world assets like property. They can also represent a unit of value within a specific ecosystem, such as a loyalty point within a rewards program. Tokens are often used for fundraising through Initial Coin Offerings (ICOs) or Initial Token Offerings (ITOs). In summary, while both coins and tokens are digital assets, coins operate on their own blockchain and have their own native cryptocurrency, while tokens operate on top of an existing blockchain and represent a specific asset or value within a specific ecosystem.