Updated: Jul 28
The cryptocurrency industry has a lot of words and jargon to remember, but the terms coin and token will come up a lot.
What's the Difference?
The significant difference between a crypto coin and a token is that a coin is native to its own blockchain, whereas a token is built by a platform on an already existing blockchain. Example: Waves coin is a crypto coin because it is backed by its own blockchain, The WX network, whereas PEST is a token because it is built on the WX network, and uses its technology and functions.
Saying all of this, it's all always good practice to research any coin or token you are interested in. The blockchain industry is continuously evolving with new standards and new innovations.