Do you know the difference between coins and tokens.
26 Nov 2022, 14:18
Do you know the difference between coins and tokens?
A coin is a primary asset developed at the protocol level of a specific blockchain. It’s paid as a reward for blockchain validation or mining, as well as for every blockchain interaction that changes its data (deployment, for example). Everscale's only coin is EVER.
On the other hand, a token is a smart contract, and anyone can deploy their own token with its own specifications (name, ticker and supply). Tokens are usually used to achieve additional goals by developers, ecosystem products and regular users. Some of the most significant Everscale tokens are BRIDGE, QUBE and WEVER.
Interesting fact: on Everscale, you can create a token even if you don't have any programming knowledge by using the FlatQube token builder.
P.S. There are several types of tokens, but in this post we are talking about fungible tokens only.
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