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Author Topic: what is the different between coins and tokens?  (Read 2407 times)

Crypto Prime

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Re: what is the different between coins and tokens?
« Reply #15 on: August 10, 2018, 08:42:03 am »
great question. As my beginner, I also don't really understand the difference between tokens. as I know, if the coin is like bitcoin and an alternative coin. and tokens are rewards that will be given by the ICO for the bounty and airdrop. if I'm wrong, please correct my answer.
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Re: what is the different between coins and tokens?
« Reply #15 on: August 10, 2018, 08:42:03 am »


thanks rye18

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Re: what is the different between coins and tokens?
« Reply #16 on: August 12, 2018, 05:20:21 pm »
Coins have their own independent blockchain. They can either be bitcoin derived blockchain like Litecoin, Dogecoin or Native Blockchain like Ethereum, Ripple.

Tokens don't have a separate blockchain, they operate on top of other blockchains like the ERC20 tokens operating on Ethereum and NEP 5 tokens on NEO

Thanks for an opportunity to learn with you my friend because im also confused the difference between coins and tokens.

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Re: what is the different between coins and tokens?
« Reply #16 on: August 12, 2018, 05:20:21 pm »

bityndye

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Re: what is the different between coins and tokens?
« Reply #17 on: August 13, 2018, 04:49:21 am »
I have been confuse by these two before two and it seems others were able to answer the question and I have some additional information as well from this article. https://medium.com/@bonpay/what-is-the-difference-between-coins-and-tokens-6cedff311c31

To quote from this article if you don't want to open it.

Quote
Coins are just method of payment while tokens may present a company’s share, give access to product or service and perform many other functions. Coins are currencies that can be used for buying and selling things. You can buy a token with a coin, but not vice versa. Coin operates independently, while token has a specific use in the project’s ecosystem.
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ubay

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Re: what is the different between coins and tokens?
« Reply #18 on: August 13, 2018, 05:29:03 am »
Coin, you can have it by buying or mining.

Tokens, made by ETH smart contracts, are very risky to buy tokens but if you have a great analysis you can buy them.

Crypto Guard

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Re: what is the different between coins and tokens?
« Reply #19 on: August 13, 2018, 09:33:53 am »
"I think Coins are digital money that can be exchanged, can be shared, received, and can store value for a certain period of time.
As well as Tokens are digital assets used by their owners as payment instruments in a project in the Crypto world."

Floder1

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Re: what is the different between coins and tokens?
« Reply #20 on: August 13, 2018, 09:44:35 am »
Coins have their own independent blockchain. They can either be bitcoin derived blockchain like Litecoin, Dogecoin or Native Blockchain like Ethereum, Ripple.

Tokens don't have a separate blockchain, they operate on top of other blockchains like the ERC20 tokens operating on Ethereum and NEP 5 tokens on NEO
Great explanation mate. That was brief and understanding.

The Translator

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Re: what is the different between coins and tokens?
« Reply #21 on: August 13, 2018, 10:07:00 am »
Tokens and coins are different. The coin already has its own platform when launched. Whereas tokens are attached to other coin platforms to get prices. Therefore, making a token is easier than building a coin that we build on our own blockchain or platform.

 

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