The world of cryptocurrencies and blockchain continues to expand
from its humble beginnings to becoming buzzwords by the conclusion
of 2017, to now, when more people and businesses understand the new
technology, as well as, its range of applications. One common point
of confusion that has arisen surrounds the frivolous nature in
which some refer to the digital coins, such as Bitcoin, and tokens
as the same entity. Tokens and coins are, in fact, very different
aspects of blockchain technology and its ilk, offering different
applications on the blockchain and when making transactions.
What are digital coins?
Digital coins, or cryptocurrencies, often have a sole function:
to be used as a payment method. The original cryptocurrency,
Bitcoin, was introduced with the sole purpose of eradicating fiat
currencies with its trusted and immutable decentralised public
ledger, known as the blockchain. The focus for Bitcoin and most
other coins is on the speed, safety, and
