What is token in Cryptocurrency, what is token economy. The terms ‘coin’ and ‘token’ are often used interchangeably when talking about the crypto ecosystem. But understanding the difference between coins and tokens is crucial to unpacking the potential that each digital asset can offer within the crypto ecosystem.
In this video, we’ll take a look at what makes coins and tokens unique, revisit how smart contracts work within a blockchain, and brush up on the difference between fungible and non-fungible assets. If you’re curious about what tokens are available in your area, head over to the CEX.IO exchange to start trading.
00:00 – Introduction
00:27 – Difference between coins and tokens
00:49 – What can you do with a token?
01:23 – Fungibility
01:46 – Summary
02:09 – Outro
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