Thank you so much @all, it makes a lot more sense now! :-)
Now comes another question, based on your feedback.
Is it best to invest in projects that use coins or tokens?
It seems coins are more likely to be stable in the longer run, no?
Thanks again.
Topic: Coins Versus Tokens? (Read 235 times)
no.. coins have its own blockchain like bitcoin , ethereum, neo ,dash ,monero and so on. tokens are based on anyone of these blockchain like erc20 tokens based on ethereum blockchain which offer the smart contracts.
Intelligent..if in bounty, Token is a coin provided in an ico to be distributed, in other words, the token is a unit of coins in the ico,,my opinion
No, It's not right.
Coins have their own blockchains and tokens have not.
A coin with it's own blockchain can be also distrubuted via ICO (like Electroneum).
no.. coins have its own blockchain like bitcoin , ethereum, neo ,dash ,monero and so on. tokens are based on anyone of these blockchain like erc20 tokens based on ethereum blockchain which offer the smart contracts.
Intelligent..if in bounty, Token is a coin provided in an ico to be distributed, in other words, the token is a unit of coins in the ico,,my opinion
Tokens mostly based on etherium smart contracts and if you have many tokens he easily trades in one place - etherdelta )))
If you collect many coins, you can get lost in tausend blockchains
If you collect many coins, you can get lost in tausend blockchains
Coins and token two different things. Coins have their own blockchain like ETH, Zcash, monero Bitcoin etc but tokens are based on one of these blockchain like ERC-20 tokens based on Ethereum blockchain which offer the smart contracts...
Hi there,
Are coins and tokens the same thing?
Find it somewhat confusing...
Thanks,
Michael
Digital coins have their individual database or the right term is blockchain, they have their own unique features and uses but based on their development on their blockchain unlike tokens and there is what we called mosaics, they are based on a certain digital coins thus using their database to develop and release their tokens. most of them uses the blockchain of ethereum which is called ERC20 tokens based on smart contract. Mosaics are based on NEM blockchain technology. so don't confused to them it is a matter of independence and dependence Are coins and tokens the same thing?
Find it somewhat confusing...
Thanks,
Michael
Holding tokens, while maybe not seeing huge capital gains, often carry with them other features such as discounts on an exchange trading fees, or bonuses for using a companies product, or a deal of some other sort.
Tokens are limited and coins don`t. Tokens have much bigger possibility to grow.
you mean coin like bitcoin and ETH have no fixed supply ? no dude bitcoin only 21mil and eth only 92 mil they limited too
Coins are also known as altcoins .They are term altcoins because they are alternatives to bitcoins.They function as digital currencies or medium of exchange in the crypto world bitcoin inclusive while tokens are digital asset that are tradable .Tokens are made through smart contracts
Basically think coins = independent entity, like a company that is owned by a set group of people, has there own resource and distribution network, and their own product that can be bought and sold, etc.
so a token = a franchise, it is dependent on the original source to exist and uses that original source to produce it's own thing.
Maybe my comparisons are not so great. But arguments can be made on the benefits and weaknesses of both.
For tokens, their value tends to go up and down depending on the platform it built its smart contract on.
Right now, eth is by far the most used but neo and waves will probably pick up in the future.
Although it is not a deciding factor, the price of eth can affect the price of tokens that are using eth smart contracts.
It looks like eth will finally break the $400 boundary so things are looking good.
For coins, it has the benefit of being able to independently develop, but you are more at the mercy of the team.
I've seen some great coins with lots of potential die slowly because the development team stops being active or just messes things up.
Ironically, in the end, the price of BTC is the one that really regulates the market because it is the only coin with high liquidity so coins and tokens are pretty dependent on btc price.
so a token = a franchise, it is dependent on the original source to exist and uses that original source to produce it's own thing.
Maybe my comparisons are not so great. But arguments can be made on the benefits and weaknesses of both.
For tokens, their value tends to go up and down depending on the platform it built its smart contract on.
Right now, eth is by far the most used but neo and waves will probably pick up in the future.
Although it is not a deciding factor, the price of eth can affect the price of tokens that are using eth smart contracts.
It looks like eth will finally break the $400 boundary so things are looking good.
For coins, it has the benefit of being able to independently develop, but you are more at the mercy of the team.
I've seen some great coins with lots of potential die slowly because the development team stops being active or just messes things up.
Ironically, in the end, the price of BTC is the one that really regulates the market because it is the only coin with high liquidity so coins and tokens are pretty dependent on btc price.
Tokens are limited and coins don`t. Tokens have much bigger possibility to grow.
Hi there,
Are coins and tokens the same thing?
Find it somewhat confusing...
Thanks,
Michael
You must read this https://bitcointalksearch.org/topic/definition-of-tokens-2251834 Are coins and tokens the same thing?
Find it somewhat confusing...
Thanks,
Michael
no.. coins have its own blockchain like bitcoin , ethereum, neo ,dash ,monero and so on. tokens are based on anyone of these blockchain like erc20 tokens based on ethereum blockchain which offer the smart contracts.
Hi there,
Are coins and tokens the same thing?
Find it somewhat confusing...
Thanks,
Michael
Are coins and tokens the same thing?
Find it somewhat confusing...
Thanks,
Michael
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