Beyond bitcoin - "the other cryptocurrencies you should know too"

in #bitcoin3 years ago

First, you'll want to know the difference between coins and tokens. Coins are essentially virtual cash used for many types of transactions. They're bought and sold over numerous different crypto exchanges, including Coinbase, bitbuy.ca and Binance. The first recorded bitcoin transaction was for two pizzas.
Tokens represent assets or anything that has value ascribed to it. For example, tokens can be used to represent things like the ownership of a piece of art or the number of rewards points a customer has in a company's loyalty program. They both have value and rely on blockchain technology, a digital ledger of transactions that can't be erased. But a coin is virtual money and a token is not.

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