Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: mamun777 on October 07, 2018, 12:12:04 PM

Title: What is the difference between a "coin" and "token"?
Post by: mamun777 on October 07, 2018, 12:12:04 PM
I've heard of some companies offering tokens instead of coins, is this the same thing?
Title: Re: What is the difference between a "coin" and "token"?
Post by: TripleVodka on October 07, 2018, 12:38:22 PM
Quote from: mamun777 on October 07, 2018, 12:12:04 PM
I've heard of some companies offering tokens instead of coins, is this the same thing?
No, that isn't same, they are different, and now I will explain what I know about the both.
Token : this is using a coin platform, they don't have own platform that like some token used Ethereum as their platform and another platform like Waves Platform.
Coin : They stand alone by using their own platform, they have own protocol code or independent blockchain.
Title: Re: What is the difference between a "coin" and "token"?
Post by: kenibit13 on October 07, 2018, 04:18:55 PM
Quote from: TripleVodka on October 07, 2018, 12:38:22 PM
Quote from: mamun777 on October 07, 2018, 12:12:04 PM
I've heard of some companies offering tokens instead of coins, is this the same thing?
No, that isn't same, they are different, and now I will explain what I know about the both.
Token : this is using a coin platform, they don't have own platform that like some token used Ethereum as their platform and another platform like Waves Platform.
Coin : They stand alone by using their own platform, they have own protocol code or independent blockchain.

Thanks for the information you told very well I realized that I did not fully notice but now very well understood.