coins & tokens
Navigate the crypto world with clarity: Crypto Coins vs. Crypto Tokens.
While often used interchangeably, crypto coins and crypto tokens have distinct roles. Coins like BTC (Bitcoin) and ETH (Ethereum) operate independently on their blockchains, serving as digital currencies for transactions and value storage.
On the other hand, tokens are diverse assets built on existing blockchains via smart contracts. Unlike coins, tokens don’t have native blockchains; instead, they serve various functions, from governance (using ERC-20 or BEP-20 standards) to utilities within decentralized applications.
Understanding these differences is crucial for navigating the evolving landscape of blockchain technology.
Discover the world of Crypto Coins on TokenHunters. A crypto coin is a digital currency native to its blockchain, designed for storing value and transactions. Mined through Proof of Work (PoW) or earned via Proof of Stake (PoS), examples include Bitcoin (BTC), Ether (ETH), and Cardano (ADA).
Explore how these coins, like BTC, ETH, and LTC, operate independently on their blockchains. Originating from mining or staking mechanisms, crypto coins, envisioned as replacements for traditional fiat currencies, serve diverse purposes—from storing value to facilitating transactions and even participating in decentralized governance through innovative features like DAOs. Join the crypto revolution with TokenHunters.
Bitcoin
Introduced in January 2009, Bitcoin is a decentralized cryptocurrency with its inaugural genesis block mined on the 9th of January in the same year. Functioning on cryptographic principles, it operates independently of central authorities, be it a central bank or a corporation.
In contrast to government-issued fiat currencies like the US Dollar or Euro, Bitcoin’s decentralized design enables transactions directly between users on a peer-to-peer network, eliminating the need for intermediaries.
This groundbreaking approach empowers users to send funds directly to one another, disrupting the traditional reliance on centralized financial entities.
Ethereum
Ethereum stands as a Proof-of-Stake blockchain, facilitating decentralized applications (dApps) through smart contracts without central control. Pioneering smart contract integration, it boasts the most extensive ecosystem of decentralized applications, spanning decentralized exchanges, crypto lending and borrowing platforms, and more.
Additionally, Ethereum hosts various Layer 2 solutions, enhancing transaction efficiency and affordability. Examples include Arbitrum, consolidating multiple transactions into a singular Ethereum transaction, and Polygon’s Proof-of-Stake chain, a parallel sidechain operating alongside the Ethereum blockchain, ensuring swifter and more cost-effective transaction processing.
Polkadot
Polkadot operates as a groundbreaking platform facilitating the seamless, trust-free transfer of messages, including value, among diverse blockchains. It embraces a scalable and heterogeneous multi-chain technology, characterized by its flexibility and absence of assumptions about chain nature or structure.
Even non-blockchain systems can join as parachains, contingent upon meeting specific criteria. Analogous to a collection of independent chains, Polkadot distinguishes itself through pooled security and trust-free interchain transactability. Native parachains, constructed using tools like Parity Technologies’ Substrate, contribute to the dynamic Polkadot ecosystem. Explore further in this video about the Polkadot blockchain.
Ripple
Ripple stands as a privately-held fintech enterprise offering a global payment solution through its patented payment network, Ripple Network, also recognized as RippleNet. This payment network operates atop Ripple’s consensus ledger, known as XRP Ledger or XRPL, which was developed through funding by Ripple.
Diverging from the conventional peer-to-peer focus of many cryptocurrencies, Ripple is designed to facilitate connections among banks, payment providers, and digital asset exchanges. This unique approach enables real-time settlements and reduces transaction fees, positioning Ripple as a solution tailored for broader financial network integration.
Solana
Solana emerges as a Layer 1 blockchain renowned for its swift speeds and cost-effectiveness. Equipped to support smart contracts and foster the development of decentralized applications (dApps), Solana hosts a spectrum of projects, spanning DeFi platforms to NFT marketplaces where users engage with Solana-based NFT projects. Instead, Layer 2s on Solana emphasize interoperability, forging connections between Solana and other blockchain networks.
Solana incorporates the Proof-of-History (PoH) consensus mechanism in conjunction with the more prevalent Proof-of-Stake. This strategic combination expedites consensus on Solana, mitigating the blockchain trilemma by addressing the delicate balance between decentralization, security, and scalability.
More Crypto Coins
NEO (NEO)
Dogecoin (DOGE)
Litecoin (LTC)
BNB (BNB)
Tezos (XTZ)
Aptos (APT)
EOS (EOS)
TRON (TRX)
Cosmos Hub (ATOM)
Monero (XMR)
NEAR Protocol (NEAR)
Sei (SEI)NEO (NEO)Dogecoin (DOGE)Litecoin (LTC)BNB (BNB)Tezos (XTZ)Aptos (APT)EOS (EOS)TRON (TRX)Cosmos Hub (ATOM)Monero (XMR)NEAR Protocol (NEAR)Sei (SEI)NEO (NEO)Dogecoin (DOGE)Litecoin (LTC)BNB (BNB)Tezos (XTZ)Aptos (APT)EOS (EOS)TRON (TRX)Cosmos Hub (ATOM)Monero (XMR)NEAR Protocol (NEAR)Sei (SEI)Explore a comprehensive list of cryptocurrencies by clicking the button below. All coins and tokens are meticulously cataloged on the market cap list. Easily filter based on blockchains or layer 1 to discover specific coins.
Note that all layer 1 and standalone blockchain cryptocurrencies are referred to as coins, signifying their standalone blockchain nature.
Delve into the realm of Crypto Tokens on TokenHunters, where innovation meets blockchain technology. Unlike native-to-blockchain coins, crypto tokens are built atop existing blockchains, using smart contracts for diverse purposes.
Crypto tokens, resembling assets or deeds, offer versatile functionalities. They can represent ownership shares in DAOs, digital products, NFTs, or even physical objects. Explore various types of tokens, from governance tokens providing voting rights to utility tokens granting access to specific services, and security tokens mimicking traditional securities. Uncover the multitude of applications within blockchain projects and dApps.
Uniswap
UNI operates as the governance token for Uniswap, debuting on September 16, 2020, via a retrospective airdrop to users actively engaging with the protocol, be it through token swapping or liquidity provision.
Token holders can actively partake in shaping the protocol’s governance by exercising UNI. Crucial decisions, ranging from treasury usage to prospective upgrades, are subject to governance votes, empowering the Uniswap community in steering the platform’s future.
Cronos
Cronos (CRO) stands as the native cryptocurrency of Cronos Chain, an open-source blockchain created by Crypto.com—a leading entity in payment, trading, and financial services. Integral to Crypto.com’s vision of promoting widespread cryptocurrency adoption, CRO fuels the Crypto.com Pay mobile payments app within the Cronos blockchain.
As Crypto.com envisions an extended role for the CRO platform across various products, its initiation dates back to November-December 2018, embodying the company’s commitment to empowering users with control over finances, data security, and identity protection.
Polygon
Polygon, formerly Matic Network, pioneers a user-friendly platform for Ethereum scaling and infrastructure development. At its core lies the Polygon SDK, a versatile framework supporting the creation of various applications, including Optimistic Rollup chains, ZK Rollup chains, standalone chains, and more.
By seamlessly integrating with Polygon, developers can mold Ethereum into a comprehensive multi-chain system, comparable to Polkadot, Cosmos, and Avalanche. This transformation retains Ethereum’s security, dynamic ecosystem, and openness, providing a robust foundation for diverse developer needs. The $MATIC token maintains significance, contributing to system security and governance.
Pancake Swap
CAKE stands as the governance token fueling PancakeSwap’s ecosystem. Unlike traditional hard-capped tokens, CAKE boasts an unlimited supply. However, the team is proactive about enhancing deflationary measures, considering regular token burns.
Notably, 10% of CAKE from lottery ticket collections faces incineration, along with half of the funds garnered from Initial Farm Offerings (IFO). This strategic approach aims to surpass emissions, ensuring a balanced and sustainable tokenomics model for CAKE.
Smooth Love Potion
Smooth Love Potion (SLP) serves as a reward for Axie Infinity players engaged in battle or adventure modes. Originally known as Small Love Potion, SLP underwent a token upgrade to the Ronin blockchain.
SLP is pivotal for breeding new digital pets, Axies, with an initial cost of 100 SLP. Subsequent breeds see incremental increases: 200 SLP for the second, 300 for the third, and so forth, up to a seventh breed costing 2,100 SLP. This breeding limit, preventing hyperinflation, aligns with Axie Infinity’s economic sustainability. SLP introduces the Play-to-earn concept, especially popular in regions like the Philippines, complementing Axie Infinity’s governance token AXS for player-driven decisions.
More Crypto Tokens
Arbitrum (ARB)
Optimism (OP)
Dai (DAI)
Decentraland (MANA)
PAX Gold (PAXG)
Ethereum Name Service (ENS)
Bonk (BONK)
Galxe (GAL)
Energy Web (EWT)
Stargate Finance (STG)
USDC (USDC)
The Sandbox (SAND)Arbitrum (ARB)Optimism (OP)Dai (DAI)Decentraland (MANA)PAX Gold (PAXG)Ethereum Name Service (ENS)Bonk (BONK)Galxe (GAL)Energy Web (EWT)Stargate Finance (STG)USDC (USDC)The Sandbox (SAND)Arbitrum (ARB)Optimism (OP)Dai (DAI)Decentraland (MANA)PAX Gold (PAXG)Ethereum Name Service (ENS)Bonk (BONK)Galxe (GAL)Energy Web (EWT)Stargate Finance (STG)USDC (USDC)The Sandbox (SAND)Discover all cryptocurrencies by clicking the button below. All coins and tokens are consolidated on a single market cap list.
Apply filters such as Layer 2, ERC20, BEP20, or BRC20 to specifically identify tokens. It’s important to note that all non-layer 1 cryptocurrencies fall under the category of tokens.
