Topic: Difference in Coins and Tokens (Read 363 times)
Coins can we say part of bitcoin as an alternative coin or intentionally made using a new blockchain or new protocol, meanwhile token can we say as the asset ownership representation, which generally uses existing blockchain technology
Its very simple Tokens hasnt theur own blockchain ,for example tokens on ETH or Neo and etc. ,cois has their own blockchain most famous as we know is Btc ,then Eth,Dash,Monero,Onion etc.
In my opinion, the tokens are not allowed to be exchanged and traded
You can still exchange those tokens into another coin/token.What Is the Difference Between Coins and Tokens?
Token vs Coin: What’s the Difference?
Coins are currencies that can be used for buying and selling things. You can buy a token with a coin, but not vice versa. Coin operates independently, while token has a specific use in the project's ecosystem
There is a main difference between coins & tokens blockchain. coins has own blockchain whenever tokens have not.its depend on the blockchain
Coin difference token is blockchain. Each coin will exist on their own blockchain like Bitcoin or Ethereum. Token does not create its own blockchain. They was built on another blockchain like Ethereum, NEO or Waves.
Friends - My friends are still confused about the difference between Coins with Tokens, and what are the advantages of tokens versus coins, because now there are so many tokens that release every day, those who are experienced please share their opinions because maybe not just me who is still confused, outside there may still be some who are still confused
for simple, coin has it own blockchain network. and work just like bitcoin
token likes a sub-packet of coin, it use the platform coin to transfer, so it has every characteristic of that coin and some more.
If it has own blockchain it means it is a coin if not it is a token.
Simple as it. But no-one would kill you if you say token to a coin or vice versa.
Simple as it. But no-one would kill you if you say token to a coin or vice versa.
Yes, absolutely right answer. If there has any own blockchain system, then it is coin. As we called EOS based token platform. And other hand if token create based on Ethereum (ERC20) then its called token.
The difference of coins into an token is coin own their own blockchain and wallet while token they're using the blockchain like Erc20..
In my opinion, the tokens are not allowed to be exchanged and traded, and for coins they are exchanged and traded somewhere, which is the difference between coins and tokens, that is, I hope people give their opinions and suggestions.
Have a look on this blog you will get answer to your question https://medium.com/@bonpay/what-is-the-difference-between-coins-and-tokens-6cedff311c31.
In general Coins have the same characteristics as money: they are fungible, divisible, acceptable, portable, durable and have limited supply and Tokens are digital assets, issued by the project, which can be used as a method of payment inside project’s ecosystem, performing similar functions with coins, but the main difference is that it also gives the holder a right to participate in the network.
In general Coins have the same characteristics as money: they are fungible, divisible, acceptable, portable, durable and have limited supply and Tokens are digital assets, issued by the project, which can be used as a method of payment inside project’s ecosystem, performing similar functions with coins, but the main difference is that it also gives the holder a right to participate in the network.
Coin are the cryptocurrency that has it's own blockchain to run node and generate more coin as mining while token are those that are create on another blockchain through smart contract and such cryptocurrency are run and store in the wallet of the main blockchain in which they are run. Such token are bnb, tusd, str and others like that and you can also get to know them in CMC with * on them , while the coin cryptocurrency are btc, eth, neo, etc and others that has their own block .
The difference for me is that a coin has its own blockchain while the tokens has attached its blockchain to a specific coin. Like the erc20 tokens. They have attached their transactions to ethereum blockchain by the power or smart contract.
Coins (that are also often called altcoins or alternative cryptocurrency coins) are digital money, created using encryption techniques that store value over time. Basically it is a digital equivalent of money. Bitcoin is the most famous example while tokens are digital assets issued by the project which can be used as a method of payment inside project’s ecosystem, performing similar functions with coins, but the main difference is that it also gives the holder a right to participate in the network.
in my coin and tokens, in my opinion there is no difference, but I don't know the correct opinion which is because, as far as I know, what do you think ??
coins have its own blockchain. tokens are built on platform ( ex; ETH ). but tokens will be transferred in to coins after few months. mainly project owners use tokens to distribute in ico. later they move in to the coin and give coins for tokens holders..
The token can be seen in coinmarektcap and is usually listed below with the ETH symbol.
If the Coin is not listed below and there is also a statement below Rank there is a COIN and Token option.
If the Coin is not listed below and there is also a statement below Rank there is a COIN and Token option.
Friends - My friends are still confused about the difference between Coins with Tokens, and what are the advantages of tokens versus coins, because now there are so many tokens that release every day, those who are experienced please share their opinions because maybe not just me who is still confused, outside there may still be some who are still confused
Well, basically token is running on the blockchain network, for example erc20 token is running on the ETH network.
But a coin, has an independent network aside from other blockchain network. for example XRP coin has their own XRP blockchain.
Very simple... if there is a own blockchain , its definitely a coin. On the other hand, token don't have there own blockchain, if any token wants to convert into a coin in that case token will have to create their own blockchain.
The main difference is that many coins have already reached their soft cap and many of them have already hit the market which makes them more accessible, while token may not have necessarily have reached neither of those levels but still holds the potential.
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