what is the different between coins and tokens?

[Crypto Prime]

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.

[thanks rye18]

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.

[bityndye]

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.

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.

[ubay]

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]

"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]

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]

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.

[Crypto Guard]

Coins, since its inception, have their own platforms. This is very different from tokens. Which is a token is a coin that depends on the coin. Therefore, these tokens are easier to make, while coins are not easy to make.

[verifyme]

This difference in coins and tokens is from the platform. Coins have their own platform, while tokens don't have a platform. Tokens stick to coins that have a platform. That's why tokens are easier to make.

[Missterio]

Tokens are all on Ethereum’s wallet, and everything else is coin

[altery0518]

im just confusing what is some difference between coins and token what is better to have?

For me, tokens and coins are most likely the same and it  differs only on the understanding of each and everyone.

[labonikhatun]

im just confusing what is some difference between coins and token what is better to have?

The token is the way that projects use to take capital from investors. Every people has a private token and usually base on Ethereum platform and use ETH wallet to contain token.

[boysnoel12]

Some bounties reward bitcoin or eth but mostly are rewarded with tokens.
Actually coins and token are the same which both are cryptocurrency but of course there's also a difference between the two in which coins had it's own blockchain in which the tokens doesn't have and only dependent on ethereum platform in most cases.

[Cryptonite94]

Differences between Cryptocurrencies: Coins and Tokens


1. Structure
Coins are essentially digital financial assets. They are currencies in the real sense of the word because they are capable of being exchanged and used for trading. Tokens are also digital financial assets. But rather than being the actual assets in themselves like the coins, token is a representation of the actual financial assets,  reflecting value upon entering the blockchain; they are separate entries on the blockchain and facilitate largely the creation of several other applications that are decentralized.

2. Infrastructure
    While the Coins use a unique and independent blockchain for each of their variety, the Tokens can have several entries into the same blockchain. In essence, each Coin has its blockchain completely independent of any and all other Coins. This is not the same with the Tokens. We can find instances where several Tokens are built upon and entered into the same blockchain.

3. Creation
In creating Coins, there has to be a complete modification of the protocol from scratch to accommodate the unique features of each coin. This is not so with tokens. Creating tokens is much easier. To create new tokens, one does not have to create new blockchains from scratch or begin to modify the codes that exist on the particular protocol. All of the tokens, being but representations of digital assets,  use the same codes and protocol upon entry of their values on the blockchain. One can create token with merely a few negligible modifications to the protocol, and this is only in very few circumstances.

4. Ease and difficulty of creation
Due to the need to have a separate set of codes and particular protocols, be they new or modified, in the creation of cryptocurrency Coins, the level of difficulty involved is comparatively higher. With the easily adaptable nature of Token codes and protocols, and the ability to have each new Token entered on the blockchain using the same standard protocol/template, creating tokens is far more easy and convenient in general.

5. Platform for Operation
Coins by their nature and mode of creation are designed to operate by themselves independently. Coins share this unique feature with the everyday currency bills we find in our society. The ability to use the cryptocurrency Coins to trade as well as a unit of measure and exchange of financial assets is what makes it unique and gives it satisfaction of the appellation of ‘cryptocurrency.’ The Tokens, on the other hand, are not capable of being operated in isolation. They are not in themselves direct financial assets. They are rather a representation of digital financial assets as discussed. Thus, the tokens have to be based upon another platform, such as Omni and Ethereum, for them to exist and operate. They are not capable of direct entry on the blockchain.

Source: newbie deactivated link:https://cryptoverze.com/the-differences-between-cryptocurrency-coins-and-tokens/ [nonactive]

[wokee12]

Token is using erc20 by etheteum blockchain, but coin usually they have own or native blockchain, truly erc20 is part of coin