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Board Beginners & Help
Re: Tokens & Coins - are they exactly the same?
by
boxabl
on 30/08/2017, 11:26:19 UTC
Coins generally involve some kind of mining or staking and are the base layer of their blockchain.

Tokens are just representations of something on a layer on top of that and can be used to work with smart contracts, etc.

Tokens are a bit like the front end of a web site whereas coins would be more like the back end. That's oversimplified of course but might help as a point of reference.