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Difference Between Crypto Coins And Crypto Tokens - Investment - Nairaland

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Difference Between Crypto Coins And Crypto Tokens by coinsazette: 9:43am On Jul 06, 2022
Cryptocurrencies are classified under two more categories — crypto coins and crypto tokens.
Crypto culture seems to be expanding in and around the world. In a recent survey, investment firm Alto said that millennials aged between 25-40 years are seeing crypto assets as a viable savings instrument for long-term holdings. While we all have a general idea of what cryptocurrencies are, blockchain-built digital financial assets, they are further classified under two more categories — crypto coins and crypto tokens.

Crypto Coins

Crypto coins are the bigger bricks in the crypto pyramid. They are digital assets that have their own, dedicated blockchains.

Bitcoin, Ethereum, Solana, and Polygon are some known examples of crypto coins.

Crypto coins can be purchased and used the same way as we use money. These have longer shelf lives and can be swapped with other coins churning high market values.

Security wise, crypto coins are encrypted and secured on their blockchain networks keeping information accessibility limited to only the senders and the receivers.

https://coins-gazette.com/post-detail/difference-between-crypto-coins-and-crypto-tokens

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