Tokenomics & On-chain

What is the difference between a token and a coin?

A coin is a crypto asset native to its own blockchain, while a token is built on top of an existing blockchain using that network's standards. Bitcoin and Ether are coins because they run on their own chains; assets issued on a network like Ethereum are tokens that rely on its infrastructure. For example, a token follows a standard such as ERC-20 and depends on the host chain for transactions. The distinction matters because coins and tokens differ in how they are created, secured, and used.