Difference between coins and tokens?

[cryptoc]

Are coins and token different from each other or just another name for coins?

[Speaker]

The main difference between the coins from tokens lies in the method of their creation.To create a coin, you need a blockchain.
 
Tokens, unlike coins, are created much easier. They do not need to create a new blockchain or change an existing one. To create tokens, there are different platforms, such as Ethereum or Waves. As a result, it turns out that the creation of tokens is limited to the choice of the platform and following the instructions of the developers.

[Ryanpogz]

Are coins and token different from each other or just another name for coins?

Yes it's different because cryptocurrency coin is just that an encrypted digital currency meant to be used as a form of payment. A coin is a unit of value that operates on its own blockchain, independently of any other platform. It can be used to store value and pay for services, in much the same way that you would use physical money.
tokens do have value, but they cannot be considered money in quite the same way that a straightforward coin can.
Tokens are generally hosted on another blockchain, like Ethereum or Waves: 2.0 protocols that allow users to create them using the core coin. Tokens offer functionality over and above that of digital cash. They may deliver value to investors, beyond speculative returns. They may be used to hold votes by the community on key business decisions, or even technical changes to the platform.

[KryptoBull]

At the moment, the name of the coin or token is not much different, depending on the preferences of the project, even ETH can be called a coin or token
Perhaps except Bitcoin, Bytecoin... including "coin" in the familiar name, we can all call them coin or token.

[Prime]

Yes, they are different. We can see how they use the platform created.
Coin: It has their own blockchain systema nd also platform.
Token, it uses the other platform of the blockchain so that they can easily create the token such as on the ERC20, TRC20, and others.
See the differences here
https://cointelegraph.com/explained/differences-between-tokens-coins-and-virtual-currencies-explained

[Pegasus]

In some cases, coins and tokens are misused and are generally called coins. It's similar to SUVs and CUVs. In many cases, high-ride vehicles are called SUVs. The real difference between a coin and a token is that a coin is run by its own blockchain while a token runs on other coin's blockchain. This makes the number of coins much higher than the number of tokens.

[Gurjasmeet Singh]

There are difference between tokens and coin.coins are related to their own blockchain. Whenever tokens are created to easily lot of  platform.

[Jaephoenix]

Are coins and token different from each other or just another name for coins?

Very different. Coins are what powers a  Blockchain, example being Ethereum,  while tokens actually run on the blockchain, example being Hex

[Review Master]

In simple words, coins are those which are in their own blockchain or in a forked blockchain and tokens are those which are using others blockchain to run their tokens. For an example, Ethereum is a coin which has its own pow (proof of work) blockchain and also provide smart contract solution to help new projects to run their projects tokens in ETH blockchain which are called ERC20/ERC223/ERC721/ERC777, but ERC20 tokens are popular. So new project use Ethereum smart contract solution to make their own crypto-currency in ethereum blockchain which is called tokens.

[Hope4life]

The main difference is coin build by it's own blockchain while token is created by using another platform such as trc20, waves, erc20, etc. Simply, coin is your own house while token is your rented house.

[masterrex]

The difference is big, because a coin has its unique Blockchain mainnet, has its own identity with a unique algorithm. While the token has not because it was just made on the top of another Blockchain, for example, the Ethereum Blockchain has offered smart-contract services and it has a unique smart-contract algorithm like ERC20 standard etc. all cryptocurrencies that built on top of Ethereum Blockchain was called a token. because they don't have its own Blockchain.

[tinakoya]

Coins are any cryptocurrencies which has a standalone/own independent blockchain such as (Bitcoin, Ethereum, XRP etc) while tokens are cryptocurrencies that doesn't have their own blockchain but depend on another blockchain. As they depend on another blockchain, they benefit from its technology such as  (ERC-20 tokens…) Coin can also be used as a payment while tokens are mostly utility

[@chison]

Coins has its own blockchain like ethereuem , waves , EOS etc while token are built into blockchains of those coins like tokens of the ethereum blockchain. INJECTIVE PROTOCOL token is built on ethereum blockchain. INJECTIVE PROTOCOL exchange is a fully Decentralised exchange

[UNIVERSE]

You actually can google about the differences, thre are already many sources explaining in detail about it. I will share to you about the differences that I got from a source by googling. You can read and learn about the differences yourself.

*Coins: a form of digital money created through encryption techniques which store value. They are tied to a public blockchain, may be sent, received or mined, and do not perform any functions beyond acting as money.

*Tokens: digital assets, issued by a blockchain-based project, which can be used as a payment method inside of its ecosystem, performing similar functions with coins. However, the main difference is that it also gives the holder a right to participate in the network.

Source: https://medium.com/coinbundle/whats-the-difference-between-tokens-coins-9942fe42f275

[Andruha1993]

The main difference between the coins from tokens lies in the method of their creation.To create a coin, you need a blockchain.
 
Tokens, unlike coins, are created much easier. They do not need to create a new blockchain or change an existing one. To create tokens, there are different platforms, such as Ethereum or Waves. As a result, it turns out that the creation of tokens is limited to the choice of the platform and following the instructions of the developers.

Thanks for the correct and clear explanation. I have been in crypto for the third year and still did not understand the difference.