What is Token in cryptocurrency, explanation | Crypto Tutorial

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 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 Trade over 100 different crypto assets on the exchange — Learn more about the cryptocurrency ecosystem at University — Follow us on: Facebook: Twitter: LinkedIn: Telegram: Instagram: is not engaged in the offer, sale, or trading of securities. No FDIC or SIPC protections are available. Please consult your own investment/tax professional regarding your specific circumstances. Rewards terms may change without notice and are subject to ’s Terms of Use. #CEX_IO #token #crypto #exchange #NFT #whatistoken #cryptotoken #token