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Author Topic: What is the difference between a "coin" and "token"?  (Read 572 times)

Offline mamun777

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What is the difference between a "coin" and "token"?
« on: October 07, 2018, 12:12:04 PM »
I've heard of some companies offering tokens instead of coins, is this the same thing?
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What is the difference between a "coin" and "token"?
« on: October 07, 2018, 12:12:04 PM »

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Offline TripleVodka

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Re: What is the difference between a "coin" and "token"?
« Reply #1 on: October 07, 2018, 12:38:22 PM »
Quote from: mamun777 on October 07, 2018, 12:12:04 PM
I've heard of some companies offering tokens instead of coins, is this the same thing?
No, that isn't same, they are different, and now I will explain what I know about the both.
Token : this is using a coin platform, they don't have own platform that like some token used Ethereum as their platform and another platform like Waves Platform.
Coin : They stand alone by using their own platform, they have own protocol code or independent blockchain.
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Offline kenibit13

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Re: What is the difference between a "coin" and "token"?
« Reply #2 on: October 07, 2018, 04:18:55 PM »
Quote from: TripleVodka on October 07, 2018, 12:38:22 PM
Quote from: mamun777 on October 07, 2018, 12:12:04 PM
I've heard of some companies offering tokens instead of coins, is this the same thing?
No, that isn't same, they are different, and now I will explain what I know about the both.
Token : this is using a coin platform, they don't have own platform that like some token used Ethereum as their platform and another platform like Waves Platform.
Coin : They stand alone by using their own platform, they have own protocol code or independent blockchain.

Thanks for the information you told very well I realized that I did not fully notice but now very well understood.
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