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Cryptocurrencies vs Crypto Tokens: What Cryptocurrency Investors Need to Know
By Seedly  •  August 28, 2021
What Are Digital Assets? If you are new to the world of cryptocurrency and the blockchain, you may have heard the terms digital assets, cryptocurrencies and crypto tokens being used interchangeably. But there three things are not the same. If you are looking to get into cryptocurrency, it is vital that you understand the differences between them. Put simply, digital assets are any non-tangible resources or content that can be stored digitally. It can include content like sound files, photographs, video clips or data like digital documents and personal information databases stored digitally on hard drives and computers. Digital assets can also be traded. Source: Dynasty Dunks | Giphy Although cryptocurrencies and crypto tokens are considered digital assets, there are special because they make use of cryptography technology to ensure security, authenticity and prevent counterfeiting or double-spending. With that in mind, here are the main differences between cryptocurrencies...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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