What is the difference between Tokens and Coins (Altcoins) ?

Maybe there are still many Indodax Members who are still wondering what the difference between Tokens and Coins (Altcoins). When can digital assets be called tokens and when can they be called coins?

Basically, digital assets that work on networks or blockchain platforms themselves can be called Coins, or Altcoins. While the token operates or runs on another blockchain network that can facilitate the smart contract.


COIN is a digital asset that works on a network or blockchain platform itself.

While TOKEN operates or runs on other blockchain networks that can facilitate smart contracts

Hopefully useful!

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Source :

Indodax

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