We know there is a difference between coin and token. A crypto coin is a coin means of payment it acts like money as a unit of account or we can say medium of transfer. But token has wider functionality. I want to know what are the functions token has that differentiate it from coin .
Tokens are digital signatures or digital signatures encoded into numbers on a specialized device. Token code is OTP code, which means that the code is used once and randomly for each transaction. Token is usually applied to business transactions and especially online transactions. You see this as a required password for each transaction for security purposes.By using Transaction Token code, businesses will ensure accuracy. Once you have confirmed with Token, you have signed the contract without any further proof. Token code is as valid as your signature.