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cryptoaddictchie

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Quote from: Pmalek on June 14, 2021, 03:44:04 AM

Tron the coin doesn't use the Ethereum blockchain. It has its own network.

Edited:

Quote from: cryptoaddictchie on June 14, 2021, 03:23:38 AM

However there are cases that a token can become coin like eos and tron network that resides on erc20 before they have their own blockchain.

Quote from: Pmalek on June 14, 2021, 03:44:04 AM

I just remembered that Tron used to be an ERC-20 token, but sometimes in 2018/2019 it migrated to its own network, so maybe you were talking about that.

Yes this is what I meant precisely.

Pmalek

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Quote from: Pokapoka124 on June 06, 2021, 07:56:53 AM

• A coin is a digital currency similar to the physical currency.

How is an intangible digital currency or a cryptocurrency similar to a tangible physical currency like a dollar bill?

Quote from: cryptoaddictchie on June 14, 2021, 03:23:38 AM

However there are cases that a token can become coin like eos and tron network that resides on erc20.

Tron the coin doesn't use the Ethereum blockchain. It has its own network. You are probably thinking of USDT, a token (even though it's called a stablecoin) that can be transferred over the Tron blockchain. While writing this post I just remembered that Tron used to be an ERC-20 token, but sometimes in 2018/2019 it migrated to its own network, so maybe you were talking about that. Such migrations happen often once the projects develop their mainnets.

cryptoaddictchie

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Quote from: Pokapoka124 on June 06, 2021, 07:56:53 AM

Coin
• A coin is a digital currency similar to the physical currency.

• A coin operates on it's own Blockchain with it's own Protocol.

Im not convinced with this. Token could also served as digital currency too. But I dont find the overall similarity to physical currency except as payment proof. ( not all are accepting digital payment by the way)

Regarding coin that have own blockchain we can clearly specific to that. However there are cases that a token can become coin like eos and tron network that resides on erc20 before they have their own blockchain.

spacelens

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This is probably the best way to differentiate coins and tokens as the technical and infrastructure requirements are very different for each and it's easy to assess which ones are coins and which ones are tokens. Creating a coin on its own blockchain is also much more complex to start.

Quote from: dansus021 on June 12, 2021, 09:28:44 AM

maybe you dont need a answer but trying educate to other member which is good Cool

at a glance is total simple coin usually have own network and token is depend on other network to live

nakamura12

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Quote from: dansus021 on June 12, 2021, 09:28:44 AM

maybe you dont need a answer but trying educate to other member which is good Cool

at a glance is total simple coin usually have own network and token is depend on other network to live

Maybe op didn't search enough about the difference of coin and token. Even the coins have differences to other coins. Let's use bitcoin and ethereum as an example. We know what are the differences of eth and btc like the speed of transaction for example where eth confirm transactions much faster than bitcoin.

dansus021

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maybe you dont need a answer but trying educate to other member which is good Cool

at a glance is total simple coin usually have own network and token is depend on other network to live

pooya87

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Quote from: Pokapoka124 on June 06, 2021, 07:56:53 AM

Coin
• A coin is a digital currency similar to the physical currency.
• Coins are purely used as a source of payment
• Examples: Ethereum, Ripple

Even though both of these shitcoin are considered "coins" but 2 out of 3 definitions you gave aren't true about them. Neither are used for payment and they have no similarity to "physical currency" at all.
Ethereum is more of a "fuel" so it is more similar to tokens than coins since it is meant to be only used to fuel smart contracts.
Ripple is also a useless centralized pump and dump scheme made by the banksters to see if they can come up with a competition with bitcoin and has failed so most of their bankster support abandoned it.

YOSHIE

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There is no definitive answer about your topic, but if you try to look, maybe overall there are already members there are at least two topics that I see here.

about:
Topic: Difference between Tokens and Coins?

Topic: What is the difference between a "coin" and "token"?

In my opinion, it might be very good if you try to search for 'the same topic already exists or not'.
I hope you understand what I mean.

tranthidung

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Definition of tokens. Theymos made that topic in 2017 when the crypto market is flooded with ICOs and ERC20 tokens.

I quote the important explanation, if you want to understand more with examples, please visit that topic.

Quote

👉 A cryptocurrency is self-sufficient, not relying on any other cryptocurrency to function (not including merged mining), and requiring its own software.

👉A token works like a cryptocurrency at a high level, but relies on some other cryptocurrency's infrastructure in order to function, and often (but not necessarily always) lacks its own software.

Pokapoka124

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