Coin

What They Are: Coins are like digital money. Think of them as the online version of the cash you carry in your wallet

Main Use: Coins are used mainly to buy things or as a store of value, just like regular money

Where They Live: Each coin lives on its own blockchain. For example, Bitcoin lives on the Bitcoin blockchain

Example: Bitcoin (BTC), which you can use to buy goods and services or hold as an investment

Tokens

What They Are: Tokens are like digital coupons or tickets. They can represent anything from ownership in a project to access to a service

Where They Live: Tokens are created on existing blockchains like Ethereum, not on their own blockchain.

Written by Ai