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Behind cryptocurrency is a huge technical base, and hence the understanding of sometimes difficult to explain things in simple words. Let’s take a shot and clarify what is the difference between a Coin and a Token.">
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<h1 style="margin-bottom: 10px;">The difference Between Coins and Tokens
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<p>When you are interested in cryptocurrency, you inevitably encounter the technical things that are required for understanding, namely: blockchain, smart contract, encryption etc.<br><br>
Behind cryptocurrency is a huge technical base, and hence the understanding of sometimes difficult to explain things in simple words. Let’s take a shot and clarify what is the difference between a Coin and Token.
</p>
<h3>What is a Coin?</h3>
<p>A Сoin is an underlying product of a blockchain technology, e.g.: Bitcoin, XRP, Dash, Monero etc. The blockchain is completely transparent, self-regulated and maintained due to consensus mechanisms, such as <a href="https://atomicwallet.io/proof-of-stake-vs-proof-of-work">Proof-of-Work or Proof-of-Stake</a>.</p>
<p>Basically, coins are just information on your balance on the blockchain. A coin represents a unit working as money that has some value. It is a payment method. Consider <a href="https://atomicwallet.io/what-are-stable-coins">stable coins</a> as an example.</p>
<h3>What is a Token?</h3>
<p>In fact, the name "Token" speaks for itself. This is not a Coin, it is just a conventional functionality unit created according to the existing blockchain standards, like <a href="https://atomicwallet.io/how-to-add-erc20-token">ERC20</a>. In other words, the company issues a contract on an external Blockchain (like <a href="https://atomicwallet.io/ethereum">Ethereum</a>) that serves as fuel for in-platform operations.</p>
<p>Here are token types:</p>
<ul>
<li><b>Commodity tokens (Digix, El Petro).</b> These tokens are backed by real world commodities, whether it is gold, silver or oil. The rate of these tokens depends on the rate of the commodity backing.</li>
<li><b>Protocol tokens (Gnosis, Stellar).</b> These are cryptographic pieces of code required for access to protocols that a certain service utilizes, like building DApps or <a href="https://atomicwallet.io/centralized-exchanges-vs-atomic-swap">Decentralized exchanges</a> for Ethereum.</li>
<li><b>Security tokens (Tezos, Polymath).</b> These tokens act as a company’s share. Basically, with these tokens, you may own a part of the company, like in a stock market.</li>
<li><b>Utility tokens (AWC, Golem)</b>. These tokens provide the access to certain features of a service issuing ones. For example AWC is an utility token of Atomic Wallet used for bounty campaigns and signups. You can hodl it to use for the wallet’s <a href="https://atomicwallet.io/roadmap-for-2019">upcoming features</a> or <a href="https://atomicwallet.io/how-to-trade-awc">trade it on IDEX</a>.</li>
<li><b>Collectible tokens (Cryptokitties, RarePepe).</b> These tokens represent a virtual collectible unit, like baseball cards, adorable kitties or memes. But on the blockchain.</li>
</ul>
<h3>What is the difference between Coins and Tokens?</h3>
<p>The main and basic difference between Coins and Tokens is that the Coin acts as digital money with its own blockchain. Coins have their own infrastructure to sustain transactions.</p>
<p>Tokens, in turn, are a conditional unit based on the existing blockchains and used for functionality purposes. For example, a largest number of Tokens is created on the Ethereum Blockchain. All the token transactions take place on the Ethereum blockchain, with GAS as a network fee.</p>
<h3>Token Swap</h3>
<p>Sometimes, projects that based their tokens on the existing blockchain migrate to their own mainnet blockchain in order to have more options and control over their currency, like it happened to <a href="https://atomicwallet.io/tron">TRON</a>. After migration, the token becomes separated and can be used as a payment unit for certain purposes.</p>
<h3>Where to store / manage Coins and Tokens?</h3>
<p>Indeed, there is a huge number of Coins and Tokens in a cryptocurrency world. Atomic Wallet support most of the top Blockchains and any of <a href="https://atomicwallet.io/how-to-add-erc20-token">Ethereum tokens</a> you can add to.</p>
<p>Unlike <a href="https://atomicwallet.io/centralized-exchanges-vs-atomic-swap">centralized exchanges</a>, Atomic is a decentralized wallet, all your private data are stored in an encrypted manner on the end-user device and never leave it, so your money is totally under your control.</p>
<p>We are happy to provide you with the most convenient way to hold and manage all of your cryptocurrency assets. Download the App now, and enjoy your cryptos being safely managed!</p>
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<li><a href="https://atomicwallet.io/litecoin">Litecoin (LTC)</a></li>
<li><a href="https://atomicwallet.io/eos">EOS</a></li>
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<li><a href="https://atomicwallet.io/tron">TRON (TRX)</a></li>
<li><a href="https://atomicwallet.io/dogecoin">Dogecoin (DOGE)</a></li>
<li><a href="https://atomicwallet.io/cardano">Cardano (ADA)</a></li>
<li><a href="https://atomicwallet.io/dash">DASH</a></li>
<li><a href="https://atomicwallet.io/stellar">Stellar (XLM)</a></li>
<li><a href="https://atomicwallet.io/zcash">Zcash (ZEC)</a></li>
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