A token is a term generally used to describe a digital asset. It can be a stand in for something else and can be a store of value. Tokenization generally is a process of assigning a token a value for any specific asset. It’s a rapidly-evolving movement towards more fluid and a decentralized exchange forms. It has progressed with the advent of updated blockchain which supports new cryptocurrencies.

When a digital token is assigned, it represents an asset and can be used as a medium for exchange of values in a particular network. In the cryptoworld, people often confuse tokens with coins. But they are two different terms. Since, it is a new field and often different terms are taken for granted and used inappropriately as we are still learning about it.

Coin is digitized currency which runs on its own blockchain and can operate independently. Few coins are variants of Bitcoin which are known as Altcoins. Also, few coins have created their own blockchain and protocol that supports their native currency.

Whereas, a token requires another blockchain such as Ethereum to exist and operate. Keeping the control of resources decentralized, tokens provide a model for creating a shared computing resource. Crypto tokens are created over an ICO. Projects launch an ICO by issuing crypto-tokens on the blockchain (usually the Bitcoin or the Ethereum blockchain). It gives early investors the chance to acquire tokens in exchange for cryptocurrency.

Cryptassist (CTA) is a coin which has it’s own blockchain based on DAG (Direct Acyclic Graph) algorithm — which is suppose to create the next generation of Blockchain i.e Blockchain 3.0!