Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: bettyhill on November 14, 2018, 08:06:30 AM
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I've always been wondering what the difference between those two were. I usually interchange them. Can someone please differentiate this in detail?
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I think there is no difference, the only thing there is that tokens are built on another coins blockchain, e.g. it Can be on Ethereum blockchain, waves blockchain, etc. While coin have their own blockchain and explorers.
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There is no big difference big between coins and tokens both are the synonym of each other however the word coin is used when it is listed for trading having value.
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Next time, try to use the search function of this forum. This has been discussed many time already I believe. You can see this particular thread for example https://www.altcoinstalks.com/index.php?topic=69177.msg416952#msg416952
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The difference is that when a project is handle or powered by a token that means the project runs on a supported block chain, such as ethereum, but if is handle by a coin it simply means that the project is developing its own block chain, meaning is able to get it's own coin. They can be used interchangeable, don't forget that they fall under the same category of cryptocurrency.
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the difference between yoken and coin is very thin, because both can be sold buy on the market, but tokens usually lead to eth coins or others and still are both blockchain based
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I feel that there is no difference between coin and tokens. I explain you will an example. MEW address, ETH address and myetherwallet address are one and the same but companies ask them in different names but all have same address.
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I think the basic difference between cryptocurrency coins and tokens: coins are brings a whole set of solutions to platforms, token is just basically something that can be used on a specific platform.
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to be honest I never thought about it but it seems to me that there is no difference in this perhaps I need to study this question in more detail on the Internet Thanks for this topic