What is a coin used for?

A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them.

What is a cryptocurrency coin?

The key feature of a coin is that of a currency, and the term may also be used to describe a cryptocurrency asset that is not a token. Unlike cryptocurrency tokens, coins are not intended to serve utility functions - such as to represent votes within a community or to denote storage capacity on a decentralized cloud storage.

What is the meaning of coin money?

faithlessness; treachery. coin money, Informal. to make or gain money rapidly: Those who own stock in that restaurant chain are coining money. pay someone back in his / her own coin, to reciprocate or behave toward in a like way, especially inamicably; retaliate: If they persist in teasing you, pay them back in their own coin.

What is the value of a coin?

Currently coins are used as money in everyday transactions, circulating alongside banknotes. Usually, the highest value coin in circulation (excluding bullion coins) is worth less than the lowest-value note.