Difference Between Cryptocurrency and token
Hi there my dearest friends of the Pakistan Community and fellow Stemians on Steemit. Today's blog post is a very interesting and educative one. In today's blog post I'll be giving the clear difference between cryptocurrency and token. I believe all Stemians that deal with cryptocurrency or cryptocurrency enthusiasts or Investors have heard of both terms before. Some people can sometimes make the mistake of using both these terms in the same context or to mean the same thing but they are both a bit different from each other. I'll be making a list of differences between both. I hope this blog will be helpful and entertaining.
Difference Between Cryptocurrency and token
| Feature | Cryptocurrency | Token |
|---|---|---|
| Definition | Digital/virtual currency with cryptography | Digital asset or utility on an existing blockchain |
| Purpose | Medium of exchange or store of value | Specific function within a decentralized application |
| Blockchain | Has its own standalone blockchain network | Built and operates on an existing blockchain |
| Protocols | Special protocols and consensus mechanisms | Relies on the underlying blockchain's protocols |
| Recognition | Widely recognized | Associated with specific projects |
Conclusion
Thank you guys so much for reading my blog post. I hope this blog was able to clear your mind of the little confusion between the two terms, Cryptocurrency and Tokens. Thank you guys once again. I would gladly answer any question you have regarding this topic. Have a lovely day. See you in the next blog post. ❤️
Muy útil tu artículo. La diferencia técnica entre Criptomonedas y Tokens no todos las conocen, así que tu publicación ayuda al conocimiento.
Te sugiero que para un próximo artículo escribas sobre la diferencia entre los distintos tipos de Tokens (por ejemplo: ERC-20, TRC-20 y BRC-20).
Muchas gracias por sus buenos comentarios. Mi próxima entrada en el blog tratará sin duda de ello. Se lo dedicaré a usted y a toda la comunidad pakistaní.
Ok, estaré esperando ese contenido. Por otro lado yo no soy Paquistaní pero le agradezco igualmente su dedicatoria 👍
De acuerdo. Lo siento mucho .. Pensé que eras Pakistán ... Mi error
5jank toy for.. it's very easy to. Confuse terms when you are either new or not educated enough in the terms. Itt was very helpful.