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Content
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jacob pfp
jacob
@jacob
what are the differences between tokens and coins? why are they stablecoins and memecoins and not stabletokens and memetokens?
27 replies
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XVW 🎩
@mosdef
Coins are digital assets that operate on their own independent blockchain. Tokens are digital assets that operate on an existing blockchain network. While coins primarily function as a medium of exchange, tokens aim to offer a wider range of functionalities within a specific project's ecosystem.
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~disrec-sicsel
@rhysmonkey
I agree with this but - ‘stablecoin’ is an exception because it’s a reference to $1 fiat, aka a physical $1 coin. Stablecoins are actually tokens but having coin in the name is easier to comprehend and less nerdy.
1 reply
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agoston nagy
@stc
500 $degen
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Rolf Hoefer
@rolfhoefer
+1
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