What Makes a ‘Coin’ Different from a ‘Token’?

A coin is like a special kind of token, but it has its own home and rules.

Imagine you're playing with building blocks. A token is like a block that can be used in any game, you might use it to buy things, trade them, or stack them up. It’s flexible and doesn’t care where it goes.

But a coin is like a block that belongs to one specific game, say, the game of money. Coins are made by a special place called a blockchain, just like how real coins are made in a mint. They follow their own rules and can only be used in that game (or on that blockchain).

Coins are usually created all at once, like when a new game starts, this is called a genesis block. Tokens can be created anytime, like when you add more blocks to your tower during the game.

Think of it like this: coins are like branded toys from one store, and tokens are like generic building blocks that work with any toy set.