Altcoins vs Tokens | Bitcointalksearch.org

kariky_123

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Quote from: cool_hikaru on March 04, 2018, 04:10:25 AM

It can be easily understood the difference between altcoin and token: the platform.
Coin is a Cryptocurrency which operates independently of any other platform. For eg. Bitcoin, Dash and Litecoin.
Token is a cryptocurrency which requires another platform, such as Ethereum, to exist and operate. For eg. OmiseGo, Golem, TenX, Tether & Gas.

Yes, I agree. Coins are standalone cryptocurrencies that do not require another platform to run, whereas Tokens are actually built on other platforms and they exist on that platform.

cool_hikaru

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It can be easily understood the difference between altcoin and token: the platform.
Coin is a Cryptocurrency which operates independently of any other platform. For eg. Bitcoin, Dash and Litecoin.
Token is a cryptocurrency which requires another platform, such as Ethereum, to exist and operate. For eg. OmiseGo, Golem, TenX, Tether & Gas.

vuvuvu1

newbie

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I have a question regarding the reliability of tokens: is the investment in tokens as safe as that in coins? Looking for experts comments. Thank you in advance.

Jonas_SONDER

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SONDER ICO Community manager

It would be more correct to divide into different means "tokens" and "currencies" . Both of them could be named "altcoins", but currencies are used primarily for payments, while tokens - are the "fuel" for operating of certain projects systems/networks.

usd.dev

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✹✹ Fluxorin.io ✹✹

Coins with own chain from my point of view look much better than tokens from a technical point of view. However Tokens are like stocks and they are very difficult to compare with coins, because by and large this is something else.

rebel92

sr. member

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I’m new to crypto but I was able to understand the basic differences between coins and tokens. If I bought tokens what exactly am I getting! Am I giving the developers money to build their product, hopefully succeed. But what am I really getting for my money. Right now it seems like a lottery ticket. Maybe I'll win a lot of money and maybe I won't.

zafmine

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In terms of the purposes of these two types, coins actually function via block chain tech while tokens function on top of whatever technology or business the business is running. With actual ""coins"" they are the business per say. A coin is attached to its blockchain. Tokens are just sold on top of tech as shares.

brianna isa

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A special feature that all altcoins have is that they each possess their own independent blockchain, where transactions relating to their native coins occur in. Whilst, tokens are created and distributed to the public through an Initial Coin Offering (ICO), which is a means of crowdfunding, through the release of a new cryptocurrency or token to fund project development.

guagua_ga

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Coin, for instance Bitcoin, is a crytocurrency type which operates independently of any other platform. In other words a coin has its own platform which is called blockchain.
Tokens require another platform such as Ethereum or Omni to exist and operate.

Haneul

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A crypto coin is just that: a coin, or means of payment, whilst a token has wider functionality.
The express purpose of a coin is to act like money, storing value over time and enabling businesses to account and pay for services.
Blockchain tokens do have value, but they cannot be considered money in quite the same way that a straightforward coin can. Tokens are generally hosted on another blockchain, like Ethereum or Waves: 2.0 protocols that allow users to create them using the core coin (e.g. ETH or WAVES — though there’s some debate about whether ETH and WAVES, both of which act like ‘fuel’ for their systems, are coins in the same way that BTC acts as a simple currency).
Tokens offer functionality over and above that of digital cash. They may deliver value to investors, beyond speculative returns. They may be used to hold votes by the community on key business decisions, or even technical changes to the platform.

Febo

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Quote from: MrJake on February 10, 2018, 06:57:47 PM

I just want to verify if all of us are on the same page about the difference of altcoins/coins and tokens. If you are using https://coinmarketcap.com/coins/ as a reference you will be able to observe that cryptocurrencies are actually divided into two, coins and tokens. Leading coins that we have are of course Bitcoin, ETH, Ripple, etc while the leading tokens are EOS, TRON, tether and Vechain. Though these cryptos could be converted to another, they are different in a sense that coins do have their own blockchain while tokens are derived from a platform(ETH, Omni, NEO)

You said it right. One more thing is that many tokens are actually utilities and will come under way strict regulations once governments start regulating them. Many coins are opensource projects that dont belong to anyone ike Bitcoin or Monero. Most tokens are issued by private companies with sole reason to make profit.

I miss more options to group different crypto on coinmarketcap. I am sure we will soon see a strong coinmarketcap competitor and that will force coinmarketcap to push further to offer us even more informations.

kruzer200

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= DINNGO = https://dinngo.co

Quote from: Diana_Lucia on February 21, 2018, 03:58:59 AM

The main difference between altcoins and tokens is in their structure; Altcoins are separate currencies with separate blockchain, while Tokens operate on a blockchain that facilitates the construction of hierarchical applications.

I'm not very strong at programming, but how really do the blockchain of the token and coins differ? I only know that coins’ chains are unique for each coin.

Neo.Prometheus

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The main difference between altcoins and tokens is in their structure. Altcoins are separate currencies with their own separate blockchain. Tokens operate on top of blockchain that facilitates the creation of decentralized applications.

Omnopon)

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I trade mostly with coins, but tokens have a nice feature they are more volatile and I was happy to make a big profit on them.

lovemsngr

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To be honest, I do not know much about tokens and I'm not particularly interested in them because I do not invest in them, I think it's risky. It’s only for experienced traders.

baghdatis1990

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Miracle Tele

There is a small difference between tokens and altcoins. When it comes to tokens, it is about the initial currency offer, while altcoins are used as an alternative to Bitcoin investments, being on the market for a long time. Also, altcoins are separate, autonomous coins with a separate blockchain, while the tokens operate on a blockchain that can hierarchize them according to certain criteria,

djgtr

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Quote from: sultanali on February 20, 2018, 03:17:00 PM

There isn't much difference between the word altcoins and tokens. Altcoins are those which can be used as an alternative to bitcoin whereas the word token is often used when talking about the initial coin offering of certain coins until they are not used on any exchange site so you can call tokens a preliminary version of altcoins.

Yes it is really a big difference between altcoin and tokens because altcoin is an alternative cryptocurrency as alligned the list of bitcoin in coinmarketcap.Altcoin also is kind of crypto coins that the value of it started to grow with maximum value.For tokens I would say most of an ICO was rewarded of it once the ICO Project was done succesfully.They differ its other but they are all tbe best cryptocurrency that held for online earnings.

lero34

member

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Personally, I'm for altkoins. They are more trustworthy to me than tokens. And I think I'm not the only one. Just tokens are very similar to the pitiful resemblance of coins.

Bananiheller

newbie

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These things do not need to be opposed. They have very different purposes! Coins are created as a universal means of payment, tokens are needed for internal circulation of individual projects, or they can be replaced.

mariayaz

jr. member

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Tokens and Altcoins are almost same although i am bit inclined towards Tokens as we can buy them cheap and earn sometime from bounty.

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