Topic: Different between Token and Coin ? - page 2. (Read 520 times)

I understand coin has its own blockchain and token is the once which built on blockchain of other coin. Example Ethereum is a coin and many token lanuched on its blockchain, most popular is ERC20 token.

I think that for a trader this difference does not have a strong meaning. But those people who are looking for a good asset for long-term storage should pay attention to coins, not tokens.

There is also difference in Altcoin and Token. Ok, lets figure out.
Bitcoin is the first cryptocurrency(if it is correct to name it so) and it was made from total zero. It is coin. There are many altcoins - they are based on Bitcoin ideology and it's economic direction(I don't know how to say more understandable). Those of them who wrote their code from 0 are coins, others that decided to change the original chain are named forks. Those currencies that were launched on special platforms like Ethereum, NEO or others are tokens

The main difference between Coins and Tokens is in their structure; Coins are separate currencies with their own separate blockchain, while Tokens operate on top of a blockchain that facilitates the creation of decentralized applications. Coins are just method of payment while tokens may present a company’s share, give access to product or service and perform many other functions. 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.

Token and coins are often confused and used interchangeably, while in fact they are different.
- Coin - use its own platform and operate independently. Coin does not require any other platform to operate, but rather, operates on their own independent Blockchain, on which they are "native currency". Bitcoin is a coin, and so are Litecoin and Ethereum - Litecoin and Ethereum are altcoins, meaning they are alternatives to Bitcoin in a number of ways. There are two types of popular altcoins.
Alternative coins are constructed with the original Blockcoin derived code with the modifications and changes (Dogecoin, Litecoin).
Alternative coins are built with new and independent blockchains (eg Ethereum, Icon, AION).
- Token - Built on an existing blockchain or protocol. Token often represents a property or utility. Since Token is created on an existing Blockchain, they are easy to create and most of the tokens we see today are based on Ethereum blockchain:
Utility Token - These tokens are not designed as an investment. They will be used to trade, exchange and access products or services, basically providing a "utility". Since they are not considered investments, these tokens are exempt from statutory audits (for example, Tokens are used to identify or play a Blockchain-based game).
Security Token - These tokens are considered as investment property and must comply with securities laws. For example, the SEC (US Securities Trading Commission) uses the Howey Test to verify whether a Token is a security. If a Token does not meet the Howey Test, it is considered a stock. If a company meets all regulatory requirements, this tokens are most likely to be widely applied. The largest use case is for companies that issue symbolic token representations of ownership in a company or property, like stock.

Tokens can be operated only with the help of any blockchain and their money to make the transaction for example, ERC20 tokens can be send with the amount you have ethereum on the wallet you have. If the standalone coin it will be work with out any intervention to make the payment dude. To listed on exchanges even the tokens provider team also work for it. There are many tokens in the exchange.

The main similarity of all Coins is that each of them has its own independent blockchain, where transactions occur.
Most often, Tokens do not have their own blockchain system and are hosted on a third-party basis, for example, on Ethereum or Waves, and also do not have their own purse.

I think tokens are derived from other blockchain like Ether, Neo, Waves or stella while these blockchains are coins. The tokens are what is called during the ICOs stage and become coins after listing on exchange.

Coin has its own blockchain. Token is build on blockchain of other coin. And coins is just a name, not all are intended as such.

A cryptocurrency coin has its own blockchain system where as the token resides on top of another blockchain system as assets or utility. Token can represent any fungible and tradable asset. Tokens are distributed to ICO and have diverse utility.

Tokens, in comparison with crypto currencies, are much more centralized, including in the matter of issue. The release of tokens, with the help of special platforms (for example, platforms from Ethereum or Waves) is the prerogative of the initiator of their creation. Free mining of tokens is impossible. Quite often tokens are released only during the ICO. The rate of tokens also depends largely on their developer. For the vast majority of crypto-currencies, an integral part of the technology is blockade. Tokens do not have their own blockhain, although, as a rule, they are based on the blockhain of the platform with which they were created.

In the crypto world tokens are kind of like Stocks of Companies, tokens can represent  any assets that are fungible and tradeable. Coins are alternative to fiat money and have its own blockchain. Tokens are generally hosted on another blockchain, like Ethereum or Waves.

I think Coin was developed on a blockchain platform of that coin. Unlike Token. Tokens are usually developed on the basis of ETH or NEO. I think that's the biggest difference

Token has a low value rarely can be in the mine. if the coin has a high value and can usually be in the mine. making tokens more simple by using platforms such as erc, komodo, platform stellar, platform neo and others.

I think coin refers to having its own block system, so it has complete block data.
However, token refers to ERC20 token, which is based on tokens of each blockchain.

Yes, you say it correctly, there is bitcoin and altcoins. Altcoins are very large number. As for tokens and coins. To a large extent, this is the same, but the tokens are considered coins that are sold at the ICO or PreIco stage, and the coins are already called when they are traded on the exchange.
Tokens can be called tokens that pay investors when they invest their money.

token just ride blockchain
like many ico now only eth platform have no own blockchain
whereas the coin is having its own blockchain and having its own explorer

I think the difference between coins and tokens is that the coin already has its own platform, i take as an example, ethereum coins. While tokens do not have their own platform / still ride on the platform of others, here I take the example, such as new ICOs that almost everything is token.

in my opinion there is no difference. token is a term for coins made using smartcontrac and coins are coins, all cryptocurrencies are essentially coins. Token term is popular when many ico projects start using smart contracts ERC20 ethereum.

These are quite different things at all.They have different ways, aims and characteristics of creation. What is more, tokens look like points, for example.