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In the cryptocurrency world, it is common for people to use the words “token” and “coin” as indistinguishable like they mean the same thing when, in fact, they are different. These are two terms used to identify the units of value on the blockchain network, and while the terms are used interchangeably, it is essential to note that there are differences that tell them apart.

Form versus Function

If you are considering it from a broad spectrum, then a crypto coin functions as a mode of payment, while the…