Cryptocurrency coins operate on their own blockchains, while tokens are built on existing blockchains. Coins like Bitcoin and Ethereum are independent digital currencies, while tokens represent assets or utilities on a blockchain. Coins are primarily used as a medium of exchange, while tokens can have a variety of functions, including representing assets, access rights, or voting power. Coins have their own native network and mining infrastructure, whereas tokens rely on existing blockchain networks. Coins typically have a higher level of decentralization due to their independent blockchains, while tokens inherit the security and decentralization of the underlying blockchain. Coins have their own unique consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS), while tokens leverage the consensus mechanism of the blockchain they are built on. Examples of coins include Bitcoin, Ethereum, and Litecoin, while examples of tokens include Tether, Chainlink, and BAT. Coins are generally more liquid and widely accepted than tokens, which might have limited use cases. Coins tend to be more stable in value compared to tokens, which can be influenced by the success or failure of the project they are associated with. Tokens are often created through Initial Coin Offerings (ICOs) or Initial Token Offerings (ITOs), whereas coins are mined or generated through other mechanisms. Coins typically have a fixed supply, whereas tokens can have a dynamic supply based on smart contracts. Coins are typically used for pure monetary transactions, while tokens can represent ownership in an asset, voting rights, or even access to a specific service or platform. Coins are generally more resistant to network congestion or scaling issues compared to tokens on popular blockchain networks. Coins are more established and have a longer track record compared to tokens, which might be associated with newer or experimental projects. Coins often serve as a base currency for trading pairs on exchanges, while tokens are traded against coins or other tokens. Coins usually have higher market capitalizations compared to tokens, reflecting their broader acceptance and use. Coins can be used as a store of value or a hedge against inflation, while tokens are more tied to the success and adoption of the specific project or platform. Coins like Bitcoin are primarily focused on being a digital currency, while tokens can have a wide range of use cases beyond just being a means of exchange. Coins are typically more straightforward to use and understand for the average user, while tokens may require some knowledge of the underlying project. Coins are generally more resistant to regulatory changes and government intervention compared to tokens, which may be subject to specific regulations depending on their function. Coins are often created through mining or other consensus mechanisms, while tokens are created through smart contracts on existing blockchains. Coins like Bitcoin have a fixed supply cap, which is not the case for most tokens. Coins have their own unique addressing schemes, while tokens use the addressing system of the blockchain they are built on. Coins often have a broader acceptance among merchants and businesses compared to tokens, which may have limited use cases. Coins are typically more widely supported by wallets and exchanges compared to tokens, which may have limited availability. Coins like Bitcoin are primarily used as a digital currency for peer-to-peer transactions, while tokens can serve a wide range of functions within a blockchain ecosystem. Coins have their own dedicated development teams and communities, while tokens may rely on the development of the underlying blockchain. Coins are often more stable in value compared to tokens, which can experience higher volatility based on market demand and the success of the associated project. Coins often have higher levels of security due to their independent blockchains and robust networks, while tokens inherit the security of the underlying blockchain. Coins are typically more resistant to forking events compared to tokens, which may be affected by forks of the underlying blockchain. Coins have a longer history and more established user base compared to tokens, which may be associated with newer or niche projects. Coins like Bitcoin and Litecoin are primarily focused on being digital currencies, while tokens like Ethereum's Ether have a broader range of use cases. Coins often have more straightforward and well-defined monetary policies compared to tokens, which may have dynamic supply mechanisms. Coins are generally more resistant to issues like network congestion, high fees, and scalability challenges compared to tokens on popular blockchains. Coins like Bitcoin have a strong emphasis on security and robustness to ensure the integrity of the network, while tokens rely on the security of the underlying blockchain. Coins often have a more straightforward path to adoption and acceptance among merchants and businesses compared to tokens. Coins are typically more widely supported by hardware wallets compared to tokens, which may have limited compatibility. Coins often serve as a reference point for the overall cryptocurrency market, while tokens may have a narrower impact on the market as a whole. Coins are generally more resistant to regulatory changes and government intervention compared to tokens, which may be subject to specific regulations based on their function. Coins often have a more established and active trading market compared to tokens, which may have lower liquidity and trading volume. Coins like Bitcoin have a strong focus on decentralization and censorship resistance, while tokens may have different priorities based on their specific use case. Coins often have a more established and recognized brand compared to tokens, which may be associated with newer or less well-known projects. Coins are typically more resistant to security vulnerabilities and attacks compared to tokens, which may be affected by vulnerabilities in the underlying blockchain. Coins often have a more established and active development community compared to tokens, which may rely on the broader blockchain community. Coins like Bitcoin are primarily focused on being a digital currency and store of value, while tokens like ERC-20 tokens on Ethereum can represent a wide range of assets and utilities. Coins often have a more straightforward path to regulatory compliance compared to tokens, which may have to navigate complex regulatory environments based on their function. Coins are generally more resistant to contentious governance decisions compared to tokens, which may be influenced by the governance of the underlying blockchain. Coins often have a more established and recognized leadership team compared to tokens, which may be associated with less well-known or anonymous teams. Coins are typically more resistant to changes in the underlying technology or protocol compared to tokens, which may be affected by upgrades or changes to the blockchain they are built on. Coins often have a more established and recognized role within the broader cryptocurrency ecosystem compared to tokens, which may play niche or specialized roles within specific projects.