What is the difference between a token and a coin in cryptocurrency?

In cryptocurrency, a coin is typically a digital currency that operates independently on its own blockchain, such as Bitcoin (BTC) or Ethereum (ETH). Coins are primarily used as a store of value or for transferring value across the network. On the other hand, a token is a type of cryptocurrency that exists on an existing blockchain, typically using smart contracts. Tokens can represent a variety of assets, such as utility, security, or governance rights. While coins are native to their blockchain, tokens are built on top of platforms like Ethereum, Binance Smart Chain, or Solana.