Token are not digital coins. Tokens are created on existing blockchains. The most common blockchain token platform is Ethereum and tokens from this platform are known as ERC-20 tokens.
There are also other tokens such as NEO, Waves, Lisk, and Stratis. NEO uses tokens known as NEP-5 tokens.
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People who are new to cryptocurrency often confuse the term "token" and "coin". This guide defines the two terms and provides some examples for a better understanding.
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