Topic: Different between Token and Coin ? - page 4. (Read 493 times)

I sure that you have saw it - Token and Coin
I know Crypto have two kind of: Bitcoin and Altcoin
Please tell me what is different between and Token and Coin

 Altcoin
Alternative coins / altcoin / coins are an alternative to Bitcoin. The majority of altcoin is a fork variant of Bitcoin, using the Bitcoin open source protocol with coding changes to create new coin types with different features.
Examples of altcoin which are variants of Bitcoin coding are Namecoin, Peercoin, Litecoin, Dogecoin and Auroracoin.

There are also other altcoins that are not derived from the open source protocol Bitcoin. Instead, the coins were created using new blockchains and protocols. Examples for this coin include: Ethereum, Ripple, Omni, NXT, Waves and Counterparty. Altcoin this type has its own blockchain that records the transaction process of the coin.



Token
Token is a representation of asset ownership, which generally uses other existing blockchain technologies. It can be said token is any form of tradable assets, for example: commodities, data, point rewards, currency, and others.

Creating tokens is much easier because we do not need to modify the coding of a protocol or create a new blockchain from scratch. All we need to do is follow the template from a blockchain - eg the Ethereum or Wave platform - which allows us to create our own tokens.
This process can occur in the presence of smart contracts; computer programs that can work automatically and do not require a third party to operate it (for more details about smart contract, you can read my article about what is ethereum).

Tokens are created and distributed to the general public through Initial Coin Offering (ICO), a fundraising form by selling cryptocurrency for people to participate (for more details about ICO, you can read my article on what ICO is).


Conclusion
The main difference between altcoin and token is the structure; altcoin is a currency that uses its own blockchain platform, while the token operates using another blockchain that can facilitate the smart contract.

Cool, token are based and built on other blockchain while coin would surely built on it’s own blockchain and have it’s own wallet.

token is what's built using some other coin's blockchain . like all projects that were built on Etherum are called token.on contrary,coin should have their own blockchain. Do also your own research to be sure about the difference and don't rely on anyone's opinion.

The coin was building on its own manufacture that called as a blockchain system, the coin has created its own community and it's not pegged to another blockchain.
Token was creating on the inside of the blockchain itself and it's a part of the blockchain ecosystem and it can be called an asset that pegged on the blockchain as the mother to control the asset.

The main difference between altcoins and tokens is in their structure.
 Altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.
I saw too many post about it. Let read it

Fantastic question!
I also don't know. I think tokens are new project which at ICO time and coins are wallet......
I really don't know  Please tell our

I sure that you have saw it - Token and Coin
I know Crypto have two kind of: Bitcoin and Altcoin
Please tell me what is different between and Token and Coin