===== Coins =====
[[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]]

**Coins** (also often called //altcoins// or //alternative [[dido:public:ra:xapend:xapend.a_glossary:c:cryptocurrency|cryptocurrency]] coins//) are digital money, created using [[dido:public:ra:xapend:xapend.a_glossary:e:encryption|encryption]] techniques, that store value over time. Basically they are the digital equivalent of money. [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin|Bitcoin]] is the most famous example. Bitcoin is based on [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] — public and distributed digital [[dido:public:ra:xapend:xapend.a_glossary:l:ledger|ledger]] — where all transactions can be seen. Data is stored collectively and shared between participants of a [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain_network|blockchain network]]. Blockchain guarantees transparency and reduces fraud. 

Coins have the same characteristics as money: they are [[dido:public:ra:xapend:xapend.a_glossary:f:fungible|fungible]], divisible, acceptable, portable, durable and have limited supply. Most ambitious crypto enthusiasts insist that coins will replace conventional money in the future.

The main characteristics of coins are that they:

  - Are tied to public-open blockchain — anyone is allowed to join and participate in the network;
  - May be sent, received or mined.

Coins are not meant to perform any functions beyond acting as money.

Compare to [[dido:public:ra:xapend:xapend.a_glossary:t:tokens|tokens]]

Source: [[https://medium.com/@bonpay/what-is-the-difference-between-coins-and-tokens-6cedff311c31 ]]