Hi all,
Can you explain?
Thanks in advance.
Originally word "token" was used to describe crypto currency of any kind (BTC, LTC) without causing any legal consequences, because the legislative framework
of many countries contains definitions of words "currency", "minting", "coin". Today there is no rules for usage of each word, but intuitively I use "coin" when talking of PoW and "token" in other cases (PoS, DPoS, DAG).
I think that the easiest way to newcomers and public will be to ask the question: can this crypto only be mined? If yes - it is a coin.