Author Topic: Different between Token and Coin ? (Read 627 times)

imikocha1994 · « **on:** September 05, 2018, 10:29:10 AM »

I sure that you have saw it - Token and Coin
I know Crypto have two kind of: Bitcoin and Altcoin
Please tell me what is different between and Token and Coin

Altcoins Talks - Cryptocurrency Forum · « **on:** September 05, 2018, 10:29:10 AM »

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poshare · « **Reply #1 on:** September 06, 2018, 07:40:51 AM »

Quote from: imikocha1994 on September 05, 2018, 10:29:10 AM

I sure that you have saw it - Token and Coin
I know Crypto have two kind of: Bitcoin and Altcoin
Please tell me what is different between and Token and Coin

Coin has its own blockchain. Token uses someone's blockchain. As far as I know, this is the only difference.

Speaker · « **Reply #2 on:** September 06, 2018, 10:06:38 AM »

At its core, a token is a kind of debt, receipt or contract with a promise to the owner to provide a certain product or service. For example, a subway token or transport ticket is a token that entitles you to travel.Cryptocurrency is an internal unit of account of any public blockchain that uses mining (in the form of P-o-W or P-o-S). Mining is a necessary and important process in the public blockchain and cryptocurrency acts as an incentive for miners. Additionally, cryptocurrency is used for transaction fees. It can also be sold (exchanged for Fiat money).

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Author Topic: Different between Token and Coin ? (Read 627 times)

imikocha1994

Different between Token and Coin ?

Altcoins Talks - Cryptocurrency Forum

Different between Token and Coin ?

poshare

Re: Different between Token and Coin ?

Speaker

Re: Different between Token and Coin ?