Altcoin and token: Classification of crypto

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: ?? on ??

Altcoins and btc are truly people's currencies. They coming to us very often, new and new coming out every day. And many people and companies going to adopt blockchain in their life.

That doesn't contribute to the topic at all. We were talking about coins vs tokens in terms of structure and classification. I swear I've seen more newbies that deserved higher ranks.

tuansemazi

member

Activity: 294

Merit: 10

Quote from: mk4 on April 22, 2018, 08:38:56 AM

Quote from: hase0278 on April 22, 2018, 07:57:44 AM

For this reason there is no need for a token to become and develop to be an altcoin since it is already one.

Tokens should switch to being a non-token(not running on the Ethereum blockchain) if the developers/community decided that they want their coin to run on their own blockchain, in contrast to running on the ethereum network.

Sometimes the developer's own blockchain is more optimal than Ethereum Blockchain and vice versa. And the more optimal blockchain the value of Altcoin they bring is greater. Will the tokens only run on the blockchain of Ethereum?

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: hase0278 on April 22, 2018, 07:57:44 AM

For this reason there is no need for a token to become and develop to be an altcoin since it is already one.

Tokens should switch to being a non-token(not running on the Ethereum blockchain) if the developers/community decided that they want their coin to run on their own blockchain, in contrast to running on the ethereum network.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: tuansemazi on April 22, 2018, 05:01:23 AM

I know the main difference between altcoins and tokens lies in their structure; While altcoin is a separate currency within its own blockchain, the token operates on top of a blockchain, which facilitates the creation of DApps. So altcoin and token is better? Are any tokens want to develop need to become altcoin?

Nothing is better between the two since there are times when altcins are better than tokens and vice versa. Basically, every token is also and altcoin IMO since I definitely altcoin in my mind as any crypto currency that is not Bitcoin(alternate Bitcoin) which in sense is what token and any other coins existing in the market is. For this reason there is no need for a token to become and develop to be an altcoin since it is already one.

tuansemazi

member

Activity: 294

Merit: 10

I know the main difference between altcoins and tokens lies in their structure; While altcoin is a separate currency within its own blockchain, the token operates on top of a blockchain, which facilitates the creation of DApps. So altcoin and token is better? Are any tokens want to develop need to become altcoin?

Topic: Altcoin and token: Classification of crypto (Read 144 times)