Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: imikocha1994 on September 05, 2018, 10:29:10 AM

Title: Different between Token and Coin ?
Post by: imikocha1994 on September 05, 2018, 10:29:10 AM

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

Title: Re: Different between Token and Coin ?
Post by: poshare on September 06, 2018, 07:40:51 AM

Quote from: imikocha1994 on September 05, 2018, 10:29:10 AM

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

Coin has its own blockchain. Token uses someone's blockchain. As far as I know, this is the only difference.

Title: Re: Different between Token and Coin ?
Post by: Speaker on September 06, 2018, 10:06:38 AM

At its core, a token is a kind of debt, receipt or contract with a promise to the owner to provide a certain product or service. For example, a subway token or transport ticket is a token that entitles you to travel.Cryptocurrency is an internal unit of account of any public blockchain that uses mining (in the form of P-o-W or P-o-S). Mining is a necessary and important process in the public blockchain and cryptocurrency acts as an incentive for miners. Additionally, cryptocurrency is used for transaction fees. It can also be sold (exchanged for Fiat money).