They may be interchanged but not the conceptsThe rapid advancement of technology that has disrupted much of the processes and mechanisms in the financial systems is still yet to sink in into general consciousness. But as the prevailing pandemic is still nowhere beyond being contained to return the world back to former degrees of default living conditions, the majority of populations abruptly were made to shift to digital lifestyles. What resulted was a cacophony of misused and mistermed words meant to mean many other different things.And coins and tokens were not spared.What is What?Too often, coins and tokens are used interchangeably without batting an eyelash. But the truth is, these two most-used terms each represent concepts different from each other in the world of crypto. Getting a deeper understanding of how the crypto ecosystem works on top of blockchain technology might as well start with coins and tokens.Digital CoinsCoins are standalone cryptocurrencies that have their own independent blockchain network. Conceptualized and developed to fulfill a need or achieve a goal, a crypto project typically started with little funding. The most famous in this classification is Bitcoin, a decentralized and secure store of value. Being the first cryptocurrency as a medium of exchange, Bitcoin is tops in token liquidity (BTC) with a crypto market capitalization of already over 1 trillion dollars and 54.10% market dominance. Altcoins are cryptocurrencies other than Bitcoin with their own blockchain networks, monetary policies, consensus mechanisms, miners, performance, goals, etc.Second behind Bitcoin is Ethereum, whose blockchain project is an all-purpose decentralized blockchain platform for the creation of various smart contract projects using its native coin ether (ETH). Whereas other coins can also be created by a project (ERC-20). Rounding up the Top 10 by market cap are Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Polkadot (DOT), Litecoin\u2026<\/p>","protected":false},"excerpt":{"rendered":"
They may be interchanged but not the conceptsThe rapid advancement of technology that has disrupted much of the processes and mechanisms in the financial systems is [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/4229"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=4229"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/4229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=4229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=4229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=4229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}