How are you? I am also very well by the grace of Allah. Today I will share with you about coins and tokens. There are various types of cryptocurrencies in the crypto market, but cryptocurrencies are mainly divided into two categories. One of them is coins and the other is tokens. Coins are operated using the blockchain system. For example, let's talk about Ethereum, Ethereum has its own block chain. And the name of Ethereum's coin is Ether.

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In the same way, if we discuss other coins as an example, like Bitcoin, which has its own blockchain, when a transaction is made with Bitcoin or Ethereum coins, it is done through their own blockchain. Suppose you give Ether to a person to make a transaction, then your transaction will go through the Ethereum blockchain. In the same way, if another random person gives you Ethereum or Bitcoin cryptocurrency or any kind of coin, then the coins will go to the blockchain of those coins. So now let's discuss coins.

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The function of coins is to act like a currency, meaning you can exchange random things. Ether, Bitcoin, Solana, BNB, Dot etc. are crypto coins, there are many other types of coins in the crypto market but these are popular coins. Bitcoin can be earned by mining Bitcoin but currently the number of Bitcoins is decreasing so not so many Bitcoins can be obtained by mining but due to the supply decrease the price of Bitcoin has increased after the last halving. So now let's discuss tokens. Tokens do not have their own blockchain like coins. Tokens are dependent on the blockchain of other coins. For example Ethereum has its own blockchain and the name of the coin is Ether, the name of the token that operates on the Ethereum blockchain is BAT, BNT. The biggest difference between coins and tokens is that coins do not move from one place to another only the amount of coins changes. But tokens are able to move from one place to another.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.