From Coin to Token: The Evolution of the Crypto World
In the early days of blockchain, crypto assets were primarily named as Coins—Bitcoin, Litecoin, Dogecoin, and others. But with the advent of Ethereum, the situation changed fundamentally. Ethereum introduced the ERC-20 standard, allowing any developer to issue digital assets on its network, which we now call Tokens.
Today, Coins and Tokens are often used interchangeably, both translated as "tokens" or "cryptos" in Chinese, causing many investors to be unable to distinguish between them. This article will delve into the definition, features, and core differences between Tokens and Coins to help you better understand these two types of assets.
What is a Token? An In-Depth Understanding of This Digital Asset
A Token is a digital asset representing specific rights, certificates, or value. On its corresponding blockchain, it can be freely traded, transferred, or