Difference between tokens and coins?

ChanLee

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Quote from: coinamu on March 11, 2018, 04:18:45 PM

Do you even search about it correctly ? So let make this simple, Coin have they own chain thats mean it have its own chain, token in other hand is like utility or assets that created on top that coin chain. For example we have Ethereum this is called coin anything created on ethereum smart contract will be named token.

Thanks for an understandable answer!
Why is everything created on ETH called coin in ICO? It should be called ITO.

Riddikulo

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Quote from: Findingnemo on March 11, 2018, 02:57:55 PM

I want to know what is the exact difference between tokens and coins or both of them are same.I do some research already but couldn’t get the clear idea so help me in understanding these guys.

Surely, all this information is very useful and good, especially for a newbie. You can also watch additionally the video on the YouTube channel: https://www.youtube.com/watch?v=c7TsIb8KyB8

This one is not bad at all also: https://www.youtube.com/watch?v=TTP9spSJgDY

Findingnemo

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Bitcoin = Financial freedom

Quote from: DarkBullet on March 11, 2018, 04:17:38 PM

Tokens are powered by coins. Tokens do not have their own blockchain and its transaction fee should be on specific coins. Just like ERC20 tokens, they are all powered by Ethereum which is a coin right? Its transaction fee should be paid by ethereum. As far as I know, there is no staking in most of the tokens. Below are the full list of coins and tokens in coinmarketcap.

Tokens - https://coinmarketcap.com/tokens/views/all/

Coins - https://coinmarketcap.com/coins/views/all/

Thanks for helping me to understand about tokens and coins.But all I know is only ERC20 tokens is there other tokens are also available? And they are based on what coins other than ethereum

rikybrosh

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Quote from: Findingnemo on March 11, 2018, 02:57:55 PM

I want to know what is the exact difference between tokens and coins or both of them are same.I do some research already but couldn’t get the clear idea so help me in understanding these guys.

Token use other platform for operation. There are many token which use Eth or waves platform and there is a time of contracts which for eth is minimum contract period is 3 years. But coin operates in it blockchain it self, no contract period the coin will life forever.

blackmagical

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Coins have their own wallets, platform, some of them can be mined.
Tokens based on coins, cannot be mine, don't have their own platform or wallets

Bakemat

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Quote from: Findingnemo on March 11, 2018, 02:57:55 PM

I want to know what is the exact difference between tokens and coins or both of them are same.I do some research already but couldn’t get the clear idea so help me in understanding these guys.

Token is the give by the ICOs projects and someti.es tokens are giving in the bounty campaigns.it iss not a currency its like its a part of a coun but not part of currency. Coun is a digital currency taht wr invest in diffrtent price and branf. Just read and read in this forum, im sure that you have more found article about this

VeeraS

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I think you can find lots of discussion about altocoin and token differences.
here there are many who have asked like you. try to seek knowledge through reading

bjmpoker001

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Quote from: Findingnemo on March 11, 2018, 02:57:55 PM

I want to know what is the exact difference between tokens and coins or both of them are same.I do some research already but couldn’t get the clear idea so help me in understanding these guys.

Tokens is made from the network of altcoins.
For example ERC20 tokens, it is created in the Ethereum network.
they used erc20 token for crowdfunding many ICO's.

johanesrobin

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Quote from: DarkBullet on March 11, 2018, 04:17:38 PM

Tokens are powered by coins. Tokens do not have their own blockchain and its transaction fee should be on specific coins. Just like ERC20 tokens, they are all powered by Ethereum which is a coin right? Its transaction fee should be paid by ethereum. As far as I know, there is no staking in most of the tokens. Below are the full list of coins and tokens in coinmarketcap.

Tokens - https://coinmarketcap.com/tokens/views/all/

Coins - https://coinmarketcap.com/coins/views/all/

A very satisfying explanation, I just found out about this and I feel wrong with the term coins and tokens.
I always feel the two terms are the same and there is no difference.
thanks.

bakulgarem

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BIB Exchange

according to my own token is the output of an ico project in the form of a ticket while the coin itself as a currency that can be used anywhere.

Mi5h0

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Quote from: Findingnemo on March 11, 2018, 02:57:55 PM

I want to know what is the exact difference between tokens and coins or both of them are same.I do some research already but couldn’t get the clear idea so help me in understanding these guys.

Tokens are generally hosted on another blockchain, like Ethereum or Waves. It is a much easier to create tokens as developer does not have to modify the codes from a particular protocol or create a new blockchain and wallets from scratch. Most tokens are developed for the specific projects and ICOs while the coins are designed as a universal means of payment.

kinki32

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Coins has own blockchain, tokens using another blockchain. Tokens it simple ticket to use another blockchain.

Moeda

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Enterapp Pre-Sale Live

Basically the same coins. But if the token was released using another party blockchain, while the Coins was released using its own blockchain. Coins are developed from the ground without any third party assistance.

noloco

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BLOCKCHAIN VERIFIED PRODUCT REVIEWS PLATFORM

tokens are supported by other platform with different infrastructure and coin from token project. A coin uses his own technology to support transactions.

Yuuto

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Quote from: Findingnemo on March 11, 2018, 02:57:55 PM

I want to know what is the exact difference between tokens and coins or both of them are same.I do some research already but couldn’t get the clear idea so help me in understanding these guys.

Tokens are just unit of accounts on a particular platform.

A coin is the native currency of a platform. Also tokens are usually used in ICOs when companies are selling something that they have not fully developed yet, so that they can only basically issue an IOU on the ETH network.

That's the major difference... For example Ethereum is considered to be a coin, but EOS is considered to be a token, since you can't actually pay gas on the ETH blockchain with EOS tokens.

setifien19

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Quote from: Findingnemo on March 11, 2018, 02:57:55 PM

I want to know what is the exact difference between tokens and coins or both of them are same.I do some research already but couldn’t get the clear idea so help me in understanding these guys.

If I remember correctly, this question has been asked several times ago . But let me say this :
The main difference between coins and tokens is that coins have their own blockchain ( platforms where transactions are executed consecutively ) while tokens don't have it , so they have to use a coin blockchain ( for example erc20 tokens "which are the most known ones" use Eth blockchain )

Duzter

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Leading Crypto Sports Betting & Casino Platform

Tokens and coins were almost the same, the difference that has been mentioned is the way it function. With coins they have their own blockchain, whereas with tokens they were developed based on a blockchain technology. It can be of smart contracts platform or the waves, omise, etc.

Nibelung

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The difference is only in technology. I think that ordinary users will not notice the difference between tokens and coins. Especially if this user buys a coin / token only for speculation.

jack.davos

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OuterTech

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Tokenize Fantasy Sports

Both of them are also cryptocurrency but they're not the same

). When a cryptocurrency can be called "coin", it must have it own blockchain vice versa token is cryptocurrency created depend on other cryptocurrency blockchain and almost token on the market atm created depend on ETH blockchain and Waves blockchain. I think it's enough for you to understand why their are "token" and "coin"

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