we always hear the term tokens and coins in digital currency. many people think that there is no difference in between but coins and tokens refers to the different category of digital currency. they both are the units of blockchain.
cryptocurrency coins refers to an asset that has its own blockchain like bitcoin, ethereum, litecoin,bitcoin cash, ripple, Dash, monero, NEO and cardano etc. people pay these coins for goods and services. for trading and store as investment.
ethereum coin use fuel for transactions on ethereum network. but when you send ERC20 token you must need of ethereum for gas fee.
Tokens created on blockchain and the most common platform is the ethereum. those tokens which created on ethereum platform known as ERC-20 TOKENS. same as tokens build on NEW known as NEP-5. tokens are more easy to create than coins because coins require their own blockchain. crypt currency tokens store in wallets and can be exchange using private or public keys.
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Cryptocurrency & Blockchain
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.