S4B Crypto Contest - Season 11

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Hello friends around the globe...
Hope you all are doing well and great!!!

I am @ibraheem75
from Nigeria.
I'm superb excited to participate on this week contest titled: S4B Crypto Contest - Season 11 which is organized by @waqarahmadshah in this wonderful steem bloggers community. I prayed you enjoyed reading through my post.

What is the main difference between a crypto token and a crypto coin?

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In attempt to answer the differences let's look at what crypto token and crypto coin is all about.
Crypto token: Crypto tokens can be seen as an asset that are mostly built in blockchain network. mostly using smart contracts which are signifies as values. They have access to services, platforms or physical assets which is used for trading.

On the other hand crypto coin refers to a currency that is mainly found in electronics format that is using crypto graphics to secure all it transactions. Both Token and coins serve as a medium for exchange through a computer networking systems.

Therefore, the differences are as follows:

1: Crypto token are digital assets and are operated on existing blockchains.
While crypto coin operates on independent blockchains i.e on their own. Examples are Ethereum blockchain, Litecoin blockchains etc.

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2:A token can be created can be used in different blockchains as well while crypto coins cannot.

3: Token can be used for so many things other than in form of money while crypto coins does not work that way it can be mined.

Can crypto tokens represent assets other than currencies?

Although, they are a representation of assets or ownership of digital networks for specific ledgers for a particular blockchains since it usually works on an existing blockchains thence it can seen as a value or an asset.

Is Bitcoin considered a crypto coin or a crypto token?

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A Bitcoin is considered to be one of the powerful currency in the world that operates freely against any external or internal control of the banks and the government. It however depends on peer to peer software and crypto graphics.
It is therefore a decentralized cryptocurrency that serves as money or form of payment from anyone without the control of anyone.

Are crypto tokens more volatile than crypto coins?

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I can say it doesn't matter because Crypto tokens could trade at zero any time or any day, the value is base perspective or perception so no guarantees. It can change at any time i.e unpredictable and most importantly the values attached to the coins as well.

Thank you for taking your time to read through my blogs and thank you so much for your support.

I would like to invite @owulama @aplousos and @abi24 to participate on on this good contest.