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Topic: Difference between a coin and a Token? (Read 333 times)

member
Activity: 90
Merit: 10
September 30, 2017, 04:03:12 PM
#5
From my knowledge, Coins are separate currencies with their own separate blockchain and wallets., Token is issuable within coin platform like ethereum, waves etc and usually represent a piece of something. Here some refference;

https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91
https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/

Good luck!

This is the exact point of the difference between coins and tokens. Coins have their own systems like blockchains etc. Tokens are created and issued within a blockchain.

Tokens are generally ethereum ERC20 or waves type of things. Waves tokens are very weak since they can't be listed on exchanges. There is no trade volume for them.
newbie
Activity: 34
Merit: 0
September 30, 2017, 03:47:56 PM
#4
Usually, tokens are built on a smart contract platform like Ethereum.

Coins, at the opposite, are independent currencies.
member
Activity: 126
Merit: 10
September 30, 2017, 12:14:40 PM
#3
From my knowledge, Coins are separate currencies with their own separate blockchain and wallets., Token is issuable within coin platform like ethereum, waves etc and usually represent a piece of something. Here some refference;

https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91
https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/

Good luck!
member
Activity: 140
Merit: 33
Buy me a beer 13mVkBy6HVwKuNovaWzYdF27FB6pLqoJtr
September 30, 2017, 12:07:35 PM
#2
After the inception of a new currency ethereum, which lead hundred of new ICO.
I'm totally unaware of it, how it works, what is behind it etc etc
Please help me understand the concept of a token, how does it arise? What is the benefit?
Don't hesitate to post a link where I can get all the information.

the thread is self-moderated, Please suggest a better section if it is not the right place.

I know you didn't want a link but here you go: https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91
1 search for difference coin and token got my hundreds of topics with the same question, but you can see that URL as starting point for further questions  Wink
hero member
Activity: 1092
Merit: 582
September 30, 2017, 11:53:08 AM
#1
After the inception of a new currency ethereum, which lead hundred of new ICO.
I'm totally unaware of it, how it works, what is behind it etc etc
Please help me understand the concept of a token, how does it arise? What is the benefit?
Don't hesitate to post a link where I can get all the information.

the thread is self-moderated, Please suggest a better section if it is not the right place.
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