Thread by @Rezadanesh10

HBAR is a "Coin" or a "Token"?

The question might be confusing, but not after following the below thread.🧵

What is the Coin?

Coin is the native digital asset of the blockchain.

Coins are digital currencies in which mathematics is used to regulate and generate the currency.

Coins are within the decentralized & cryptographically protected blockchain.

What is the Token?

Token is Non native digital asset of the blockchain.

Tokens are actually a representative of an asset or a utility built on top of another blockchain.

What is the differences of Coin & Token?

1) Coins are native digital asset of the blockchain meaning they have their own In depended blockchain, while tokens do not have their own blockchain and live on another blockchain.

2) Coins are usually used as a form of Medium of exchange or "Money". However there are other use cases for coins such as staking, validation, etc...

Tokens are usually created by developers based on Smart Contract facilitation.

Once Tokens are created, they will have their features & utilities designed for them.

3) If you have your own DApp, creating your own DApp token is far more advantageous, because creating a coin for your DApp requires you to build your own blockchain.

Now, HBAR is a Coin or a Token? Let me know your answer in a comment section.

As always, give a like to the first tweet, retweet and follow me if you are interested in more contents.🧡

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