Aug By Mr Singh 0 245 0 Comments
Cryptocurrencies are categorized between coins and tokens

Cryptocurrencies are categorized between coins and tokens

Cryptocurrencies are categorized between coins and tokens. Alternative cryptocurrencies coins or simply called altcoins refers to any coin that is alternative to Bitcoin. Majority of these altcoin are the results of forks of Bitcoin. These new altcoins then have a different set of features. Some coins have their own blockchain to support their cryptocurrency like Ethereum and Ripple. Tokens, on the other hand, are a representation of a asset or utility that resides on top of another blockchain. The main difference is their structure. Coins have their own blockchain while tokens operate on a blockchain that facilitates the creation if DApps.

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