Token as a digital asset could outperform classic cryptocurrencies in the near future. The main advantage of a token compared to crypto is its greater versatility, as it can be used simultaneously as a payment tool, a discount card, and an investment tool. Since tokens offer convenience and profitability, they will continue to grow in popularity and could become a universal currency. The CEO of cryptocurrency exchange WhiteBIT, Volodymyr Nosov, addressed this in his column.
According to him, nowadays tokens are often mistaken with cryptocurrency, by equating these digital assets, although in fact they are quite different. The expert explains: both token and crypto are based on blockchain technology, but differ significantly in their functions, application and creation method.
“Cryptocurrency usually has its own blockchain, whereas tokens are built on an existing blockchain. Cryptocurrency is decentralized so anyone can create it, while tokens are centralized and mostly issued by...
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