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What are coins?

What are coins?

Coins are cryptocurrencies that run on their own blockchains and are independent of other coins. One unit of such a cryptocurrency can also be called a coin. Coins are different from tokens, which operate on the blockchain platform of their parent blockchain, such as Ethereum (ETH). For example, Bitcoin (BTC) is the first cryptocurrency on the market and runs on its own blockchain. Subsequently, many new coins have emerged, some based on their own blockchains developed from scratch, and some are forks of existing coins.

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