Topic: Difference between coins and tokens? (Read 115 times)
The difference is big, because a coin has its unique Blockchain mainnet, has its own identity with a unique algorithm. While the token has not because it was just made on the top of another Blockchain, for example, the Ethereum Blockchain has offered smart-contract services and it has a unique smart-contract algorithm like ERC20 standard etc. all cryptocurrencies that built on top of Ethereum Blockchain was called a token. because they don't have its own Blockchain.
Please check that link, I think it explains it pretty good in easy words - https://www.ledger.com/academy/crypto/what-is-the-difference-between-coins-and-tokens
The main difference is coin build by it's own blockchain while token is created by using another platform such as trc20, waves, erc20, etc. Simply, coin is your own house while token is your rented house.
At the moment, the name of the coin or token is not much different, depending on the preferences of the project, even ETH can be called a coin or token 
Perhaps except Bitcoin, Bytecoin... including "coin" in the familiar name, we can all call them coin or token.
Perhaps except Bitcoin, Bytecoin... including "coin" in the familiar name, we can all call them coin or token.
The main difference between the coins from tokens lies in the method of their creation.To create a coin, you need a blockchain.
Tokens, unlike coins, are created much easier. They do not need to create a new blockchain or change an existing one. To create tokens, there are different platforms, such as Ethereum or Waves. As a result, it turns out that the creation of tokens is limited to the choice of the platform and following the instructions of the developers.
Tokens, unlike coins, are created much easier. They do not need to create a new blockchain or change an existing one. To create tokens, there are different platforms, such as Ethereum or Waves. As a result, it turns out that the creation of tokens is limited to the choice of the platform and following the instructions of the developers.
Are coins and token different from each other or just another name for coins?
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