Token Vs Coin Main are Main Differences

VanKleiss

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Quote from: ziyush on March 06, 2018, 02:22:08 AM

What are some main difference BETWEEN TOKEN and COIN apart from this that Coin is Minable and Tokens are not minable
Share some main differences

People are confused about TOKEN and COINS.

Token refer to a utility coin on top of Smart contract like Ethereum, Waves, NEO or NEM. They are totally dependent on its platform. Coin on the other hand has its own blockchain and totally independent.

bundo

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Quote from: ziyush on March 06, 2018, 02:22:08 AM

What are some main difference BETWEEN TOKEN and COIN apart from this that Coin is Minable and Tokens are not minable
Share some main differences

People are confused about TOKEN and COINS.

Seems to have a lot to discuss it and I just added a little.
Coins are those that have independent or own blockchain, while the token is where its blockchain goes to a coin platform that can create a token.

Holla123

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Quote from: deevan on March 17, 2018, 03:10:41 AM

The main difference between Coins & Tokens is that Coins have their own separate blockchain & can run independently, for eg. Ethereum, Ripple, NEO, Monero. Whereas Tokens don't have their own blockchain instead they are dependent & operate on other cryptocurrencies blockchain, for eg. EOS, Tronix, TenXPay, SALT, OmiseGo all are ERC-20 compatible tokens & hosted on Ethereum Blockchain.

The only other blockchain besides btc and eth with traction right now is neo. I would not recommend ripple as it does not use the same proof of work and is not open and decentralized. Some people very bullish on EOS. Wanchain seen as potential ripple killer. Then there are Icon and Rchain. Omise also with a big and enthusiastic community. Tron pumped a lot earlier than anticipated. The ceo is a young protege of Richard Ma. The roadmap looked very long term for me. If you want early in you might have a look at Odyssey which right now is below ICO price and where Tron is one of the cornerstone investors.

faatipoke

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tokens do not have to be in ethereum blockchain but have to be in any platforms such as ethereum, neo, waves, qtum, etc
coins are for these platfroms and also another payment methods such as bitcoin, monero, litecoin, dash. these coins are not platforms but they are used as peer to peer payment platform.
I hope it is clear now

zaratustraa

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The Future of Decentralized Financial Services

Quote from: deevan on March 17, 2018, 03:10:41 AM

The main difference between Coins & Tokens is that Coins have their own separate blockchain & can run independently, for eg. Ethereum, Ripple, NEO, Monero. Whereas Tokens don't have their own blockchain instead they are dependent & operate on other cryptocurrencies blockchain, for eg. EOS, Tronix, TenXPay, SALT, OmiseGo all are ERC-20 compatible tokens & hosted on Ethereum Blockchain.

I agree with you!
1) Coins are separate currencies with their own separate block, a tokens acts on top of the block, which facilitates the creation of decentralized applications.
2) The main purpose of the Coins is to fulfill the role of money: to be a unit of calculation, a store of value and a means of transfer. Tokens offer functionality exceeding digital money. They can be used to conduct community voting on key business decisions or even technical changes on the platform.

deevan

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The main difference between Coins & Tokens is that Coins have their own separate blockchain & can run independently, for eg. Ethereum, Ripple, NEO, Monero. Whereas Tokens don't have their own blockchain instead they are dependent & operate on other cryptocurrencies blockchain, for eg. EOS, Tronix, TenXPay, SALT, OmiseGo all are ERC-20 compatible tokens & hosted on Ethereum Blockchain.

rizkyx56

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Quote from: Herbert2020 on March 17, 2018, 02:30:08 AM

Quote from: ranchi on March 17, 2018, 02:19:42 AM

Token Run on Ethereum Block Chain whereas Coin have there own block chain.

there are a lot of platforms apart from Ethereum that one can use to create their own tokens, ICOs,...

more information, platform other than ethereum is neo, omni, ardor, qtum, waves.
but yahhh, mostly token used ethereum platform.

Herbert2020

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Quote from: ziyush on March 06, 2018, 02:22:08 AM

Coin is Minable and Tokens are not minable

Quote from: ranchi on March 17, 2018, 02:19:42 AM

Token are published with in few minutes Coins need to be mined for years.

this is not completely correct. Tokens are issued so there is no mining, that part is correct but coins are not necessarily mineable. there are coins that have been 100% premined (for example Byteball, Ripple,...) and are now being distributed through different methods.

Quote from: ranchi on March 17, 2018, 02:19:42 AM

Token Run on Ethereum Block Chain whereas Coin have there own block chain.

there are a lot of platforms apart from Ethereum that one can use to create their own tokens, ICOs,...

ranchi

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Token Run on Ethereum Block Chain whereas Coin have there own block chain.

Token are published with in few minutes Coins need to be mined for years.

Token generally have Icos Coins don't have Icos because it's not possible to mine all coins to start Icos

Coins need miners support Token don't need Miners.

ziyush

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Crypto Lovers

What are some main difference BETWEEN TOKEN and COIN apart from this that Coin is Minable and Tokens are not minable
Share some main differences

People are confused about TOKEN and COINS.

Topic: Token Vs Coin Main are Main Differences (Read 137 times)