What is the difference between a coin and a token?

Tokens have a much wider range of possible use cases compared to coins. Tokens can represent lots of things, like prepaid credit for an API, a piece of artwork, or an education certificate. However, tokens, unlike coins, are not money, and they are not an integral part of blockchain’s security model (they’re not used to reward miners).

What are tokens and how do they work?

Tokens can be used as a payment system between participants on the network, buyers, and sellers on the platform. Tokens can represent a digital asset, or a digital right, like a right to funds in escrow. Tokens can be used as a means for accounting, for example, the volume of uploads on a torrent service.

What is the purpose of a coin?

The purpose of a coin is to represent a form of currency and act as money for transactions. True currency serves as a medium of exchange, store of value, and unit of account. Right now, Bitcoin is the best representation of that in the cryptocurrency markets.

What is tokens & icons?

Tokens & Icons: Turning authentic, nostalgic artifacts into functional gifts for more than 20 years. Tokens & Icons brings new life and purpose to familiar objects that have a story to tell. Our popular game used Uniform Wallets started with a challenge back in 2009 when old Yankee Stadium was being demolished.