What is a Crypto Token? Difference between crypto coin and token

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* A cryptocurrency token is a computer coded alphanumeric string that links real data on a blockchain. In other words, it is a hash of a transaction on a blockchain that can relate to the specific transaction.
How are crypto tokens different from crypto coins?
* crypto coins have limited utility compared to crypto tokens. Crypto coins are a subset of crypto tokens. The functionality of tokens is wider than receipt and payment; they can even represent equity, smart contracts, security, or gaming benefits. While coins are more so just money, Crypto tokens serve a broader purpose.
* Types of crypto tokens:
• Payment tokens
• Utility tokens
• Security tokens
• Non-fungible token
• Platform tokens
• Transactional tokens

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