Coin vs. Token: What are they and how are they distinguished?

In this educational video, we will 🎓 explore the world of cryptocurrencies to clarify the fundamental differences between coins and tokens. Find out if Bitcoin is considered a currency or token and understand the distinctions between them. We will examine the concept of coins as independent digital currencies that operate on their own blockchain networks, while tokens are built on existing blockchain platforms such as Ethereum or Binance Smart Chain, serving specific purposes within projects or ecosystems. Learn about utility tokens and security tokens, and understand the importance of these components within the cryptocurrency ecosystem. Whether you are a beginner or an enthusiast, this video offers valuable insights into the world of digital currencies. #bitcoin #cryptocurrencies #currencies #tokens #blockchain #ethereum #binancesmartchain #UtilityToken #SecurityToken #financialeducation 🚀🔗💰

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