Topic: Altcoins vs Tokens - page 2. (Read 496 times)

There are different types of tokens, beginning with those that exist only for payment of services as an internal currency of the resource and end with those that are in the exchangers.

I think a couple people in here have given viable explanations to the difference between altcoins and tokens but, if I am honest, I think it is another term which the crypto community is just throwing around willy nilly.

Airdrops is another one. . .

The main difference between coins and tokens in their structure: coins are separate currencies with their own separate block, while tokens act on top of the block, which facilitates the creation of decentralized applications.  The main purpose of the koin is to fulfill the role of money: to be a unit of calculation, a store of value and a means of transfer.  Tokens offer functionality exceeding digital money.  They can be used to conduct community voting on key business decisions or even technical changes on the platform.  Crypto-currency helps to transfer value in the accepted way (like physical money), while tokens can be used to solve tasks in a blockchain...

That is a terrible way of copy-pasting.Reported.

@kaeluxdeuz : You gave a very nice explanation which is understandable without getting into too much complex stuff.I have one doubt (if you get the pleasure of answering). Can I fork other chains from a forked chain ? For instance,I have derived a token (smart contract ) from ETH and I wish to further start a new chain from my derived chain,how feasible is this ? Technically,I'm not running on my own chain so I must not be able to derive chains right ?

We are on the same page except that tokens can also called altcoin. Better differentiate it to COIN and TOKEN so you will not be confuse the difference of the two categorization.

Altcoin and tokens both are similar, just the difference is about hierarchy . Altcoin has their own separate block chains while tokens are working on a single block chain platform. Both are convertible to other crypto currencies. Also, prices of both coins and tokens are fluctuated as per the rise and fall of market

Atcoins and token are mistakenly used  interchangeably by most people but there is a difference between the two crypto currencies .The main difference between them is in their structure altcoins are separate currencies with their own separate blockchain while tokens operate on top of blockchain that facilitates the creation of decentralized applications. All cyrpto currencies other than bitcoin are alternative to it.

When you see the money you will understand differences Just trust in tokens , follow Altcoins.

you can treat all of them as cryptocurrencies.

tokens are the ones that apply on another blockchain like NEO, ETH LSK etc which are alts since they have their own Blockchain.

no matter what the difference between the two is the most important is where we can take a good gap to be invested then it will be fine..

yes, I guess this is just your opinion. basically the altcoin and token are the same. the basic equation is derived from crypto.
there are many different opinions, I do not bother with the choice of people to say it.

yes coins is really different from token, the thing is, Altcoins is not only coins, it can also be a token because Altcoins means Alternative Coin which mean All coins/token which we use beside bitcoin. That's why in this forum, its only compose of Altcoin Section and Bitcoin Section.

Never thought that the two are really different. I consider Altcoin as those coins other than Bitcoin and Token are those coins that are used in ICO's or coins that are not in the market or exchangers yet. Thank you for making this thread, its quite informative for someone like me.

Tokens and altcoins are both cryptocurrencies that used digitally . Phenotypically they seem to be identical, but in fact there something differs from one to another :
Altcoins ( which are alternatives to BTC ) use their own blockchain which has been derived from BTC blockchain ( which is open source code )
Tokens use other's coin blockchain ( such as Eth, OmiseGo...) Which is translated by the simplicity of their creations ( no need to costumes a given protocol )

You have a point.For me they differ for the groups and which is might be more directed to bitcoin.In the group altcoin was nearly been apart from bitcoin in terms ofranking.Then the tokens was a next level of grouping bit they bought interesting as a crypto world process.

The main difference between Alt coins and tokens lies on their structure. alt coins are separate currencies with their own separate blockchains while tokens operate on top of a block chain. modifying codes from a particular protocol is not needed when creating tokens while Alt coin creation goes through a complicated coding process

The main difference is the way they are structured. They have a few difference which i will mention below.

Altcoins are a digital currency similar to Bitcoin, and the term stands for alternative to Bitcoin. altcoins are created by diverging from Bitcoin consensus rules or by developing a new cryptocurrency from scratch. Most popular altcoins use the same fundamental building blocks as Bitcoin. This approach is relatively easy to carry out because Bitcoin is a free, open source platform. When an altcoin forks at the blockchain level, an alternate system of consensus rules must be used and the coin will have an entirely different distributed ledger. The same is true for altcoins built from scratch. Some altcoins have different monetary policy rules built into the currency to encourage different uses and treatment. Policies such as minimum spend, or positive or negative interest on coins stored, can encourage or discourage hoarding. Policies for coin mining may function differently from Bitcoin, as may the number of coins paid out per new block mined. While some altcoins can be attempts to enrich founders and offer little new, many have found niches because of way their differences encouraged new miners and uses. Since Bitcoin's inception there have been upwards of 500 altcoins created. Litecoin, Dogecoin, Blackcoin, Freicoin, Peercoin, Vericoin, Myriad, NXT are just a few examples of altcoins.

Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies. Creating tokens is a much easier process as you do not have to modify the codes from a particular protocol or create a blockchain from scratch. All you have to do is follow a standard template on the blockchain - such as on the Ethereum or Waves platform - that allows you to create your own tokens. This functionality of creating your own tokens is made possible through the use of smart contracts; programmable computer codes that are self-executing and do not need any third-parties to operate. 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.

A token is a molecule of all crypto market. It is an asset unit that acts within its own blockchain or as an add-on for an existing one. A token can act as a full-fledged means of payment, in other words, be an altcoin, and an asset that provides some functionality within the network.
Altoquine is any token except bitcoin, which uses its own blockchain or a fork of an active blockchain.

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 think that the markets of coins and tokens are now very much correlated. When everything falls, there are no growing coins or tokens.