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Topic: what is differences between coin and token ? (Read 185 times)

Joushi
newbie
Activity: 80
Merit: 0
what is differences between coin and token ?
May 19, 2018, 01:17:10 PM
#15
Quote from: bobo012 on May 17, 2018, 10:53:17 PM
Quote from: SAROKISU on May 17, 2018, 10:39:25 PM
what is difference between  token and coin.  coin is best or token.

To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way
How many stake need to make a token?
Rexphyl
newbie
Activity: 64
Merit: 0
Re: what is differences between coin and token ?
May 19, 2018, 01:12:31 PM
#14
coins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.
abanansah
member
Activity: 328
Merit: 10
www.daxico.com
Re: what is differences between coin and token ?
May 19, 2018, 12:03:23 PM
#13
I think tokens are depended on a coin to be functional , for example, alternative currencies used in ICOs are mostly tokens that derive it functionality from ERC 20 ,which is a coin that is already established.
MinoRaiola
legendary
Activity: 2198
Merit: 1663
Re: what is differences between coin and token ?
May 19, 2018, 12:01:20 PM
#12
Quote from: cryptoum on May 19, 2018, 11:55:42 AM
Quote from: MinoRaiola on May 18, 2018, 02:58:40 PM
Quote from: cryptoum on May 18, 2018, 02:45:56 PM
Quote from: CryptAssist on May 18, 2018, 08:22:35 AM
Am I wrong or is a Token technically just an Ethereum thing?

Not all tokens are connected to Etherium.

Oh yes! Look there: https://bitcointalksearch.org/topic/caution-nep-5-tokens-are-not-erc-20-tokens-3871468

Interesting read, thanx.
It seems that there is lot to be learned on this forum.


You are welcome. Take care and be aktiv here, it is the best way to be safe in the cryptoworld.
cryptoum
newbie
Activity: 84
Merit: 0
Re: what is differences between coin and token ?
May 19, 2018, 11:55:42 AM
#11
Quote from: MinoRaiola on May 18, 2018, 02:58:40 PM
Quote from: cryptoum on May 18, 2018, 02:45:56 PM
Quote from: CryptAssist on May 18, 2018, 08:22:35 AM
Am I wrong or is a Token technically just an Ethereum thing?

Not all tokens are connected to Etherium.

Oh yes! Look there: https://bitcointalksearch.org/topic/caution-nep-5-tokens-are-not-erc-20-tokens-3871468

Interesting read, thanx.
It seems that there is lot to be learned on this forum.
The Cryptovator
legendary
Activity: 2282
Merit: 2196
Signature space for rent
Re: what is differences between coin and token ?
May 18, 2018, 04:31:20 PM
#10
The main different with coin and token is, A coin they have their own blockchain. For example Bitcoin, Ethereum and lite coin. But for token they don't have own blockchain. Token deploy on using other blockchain. Most of token use Ethereum blockchain for deploy token. They called erc20 token. Example OmiseGO is erc20 token. It's build on ethereum blockchain.
MinoRaiola
legendary
Activity: 2198
Merit: 1663
Re: what is differences between coin and token ?
May 18, 2018, 02:58:40 PM
#9
Quote from: cryptoum on May 18, 2018, 02:45:56 PM
Quote from: CryptAssist on May 18, 2018, 08:22:35 AM
Am I wrong or is a Token technically just an Ethereum thing?

Not all tokens are connected to Etherium.

Oh yes! Look there: https://bitcointalksearch.org/topic/caution-nep-5-tokens-are-not-erc-20-tokens-3871468
cryptoum
newbie
Activity: 84
Merit: 0
Re: what is differences between coin and token ?
May 18, 2018, 02:45:56 PM
#8
Quote from: CryptAssist on May 18, 2018, 08:22:35 AM
Am I wrong or is a Token technically just an Ethereum thing?

Not all tokens are connected to Etherium.
CryptAssist
jr. member
Activity: 364
Merit: 4
Re: what is differences between coin and token ?
May 18, 2018, 08:22:35 AM
#7
Quote from: bobo012 on May 17, 2018, 10:53:17 PM
Quote from: SAROKISU on May 17, 2018, 10:39:25 PM
what is difference between  token and coin.  coin is best or token.

To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way
Am I wrong or is a Token technically just an Ethereum thing?
suzanogbomo
newbie
Activity: 154
Merit: 0
Re: what is differences between coin and token ?
May 18, 2018, 08:07:46 AM
#6
Quote from: bobo012 on May 17, 2018, 10:53:17 PM
Quote from: SAROKISU on May 17, 2018, 10:39:25 PM
what is difference between  token and coin.  coin is best or token.

To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way
I think yu are very correct,tokens are launched on an existing platform while coins are more likee standalone crypto assets
Jet Cash
legendary
Activity: 2744
Merit: 2462
https://JetCash.com
Re: what is differences between coin and token ?
May 18, 2018, 08:03:43 AM
#5
Quote from: ?? on ??

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.

Please don't copy from other sites without providing a credit and a link. This post is a straight copy from the summary on this page

http://fiat4coin.com/2018/03/01/coins-tokens-altcoins/
sud
sr. member
Activity: 826
Merit: 301
Re: what is differences between coin and token ?
May 18, 2018, 05:17:52 AM
#4
I don't know if there is any straightforward distinction between coins and tokens, but overall coins are means of payment or store of value while tokens may have some functionalities. There are few good articles/posts covering this topic, so you can read them and make your own conclusions:

https://blog.chronobank.io/token-vs-coin-whats-the-difference-5ef7580d1199

https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/

https://www.cryptocompare.com/coins/guides/token-economies-101-the-difference-between-tokens-and-coins/
mpufatzis
full member
Activity: 840
Merit: 128
Re: what is differences between coin and token ?
May 18, 2018, 02:40:27 AM
#3
There are centralized and decentralized coins. A decentralized coin is mineable but the centralized is owned by someone (pre-mined) who distributes and sells it (Ripple could be an example). In my opinion tokens and centralized coins are similar. Using the Ethereum network, you avoid developers and you use the existing blockchain of ETH, so you don't need to do it on your own.
And you have an advantage, your token could possible attract more investors than a new unknown coin.
bobo012
sr. member
Activity: 714
Merit: 257
Re: what is differences between coin and token ?
May 17, 2018, 10:53:17 PM
#2
Quote from: SAROKISU on May 17, 2018, 10:39:25 PM
what is difference between  token and coin.  coin is best or token.

To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way
SAROKISU
newbie
Activity: 5
Merit: 0
Re: what is differences between coin and token ?
May 17, 2018, 10:39:25 PM
#1
what is difference between  token and coin.  coin is best or token.
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