What is a Coin and a Token

What is a token?
Tokens refer to cryptocurrencies that don’t have a blockchain network of their own. Instead, these cryptocurrencies are built on another blockchain. Users can create digital tokens using one of the many platforms 

Ethereum is one of the most popular choices, Ethereum platform easily enables creating tokens on top of the Ethereum blockchain.


What is a coin?
Coins refer to cryptocurrencies built on their independent blockchain network. The most famous example is BTC , which is also the world’s largest cryptocurrency by market capitalization.

Bitcoin is powered by its native blockchain network.Some of the popular coins are Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) etc.

Core differences between coin and token?

Digital coins are based on their native blockchain network, tokens are built on the existing blockchain.
Digital coins can be used for processing payments, but tokens are suitable for multiple needs.
Digital coins are more difficult to create than tokens that can be built based on the existing blockchain like Ethereum.