Bitcoin Forum

I've heard of some companies offering tokens instead of coins, is this the same thing?

The difference between the coin and token it was not at his usual number of printing different from that which I know there may be willing adding again

Didn't understand you quite well, could you rephrase?

Coin is p2p software or program built from unique code source or cloned from another code source like litecoin, token is issuable within coin platform like ethereum, nxt, waves.....

I'm not sure if I understood you correctly.... How I understood it is that a coin is the actual currency of a specific company or their "product" while a token is more like a "share" in a more traditional company.....correct? O.o

The key point of difference between a token and a coin is that a coin is issued by a governmental local or national authority and is freely exchangeable for goods or other coins, whereas a token has a much more limited use and is often (but not always) issued by a private company, group, association or individual. In the case of "currency tokens" issued by a company but also recognized by the state there is a convergence between tokens and currency.

from
https://en.wikipedia.org/wiki/Token_coin
Classical view ofc

This is the standard definition for traditional currency (non-cryptocurrency) .

1. Coins or Cryptocurrencies
These are digital currencies like Bitcoin in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. They are operating independently of a central bank.


2. Utility tokens
The utility tokens are services or units of services that can be purchased.  These tokens can be compared to API keys, used to access the service.


The keyword is utility...tokens do something.  Coins are just "coins" that sometimes used as a foundation in creating new tokens.

More...

https://blog.chronobank.io/token-vs-coin-whats-the-difference-5ef7580d1199

Function vs form

Very broadly, a crypto coin is just that: a coin, or means of payment, whilst a token has wider functionality.

The express purpose of a coin is to act like money: as a unit of account, store of value and medium of transfer. Coins tend to take the form of native blockchain tokens like bitcoin (BTC), Litecoin (LTC), Monero (XMR), and so on, though they do not have to. ChronoBank’s Labour Hour (LH) tokens, which are hosted on Ethereum, can be considered as coins. Their purpose is solely to act as a form of money, storing value over time and enabling businesses to account and pay for services. They are created as ERC20 tokens for reasons of convenience.

Blockchain 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 (e.g. ETH or WAVES — though there’s some debate about whether ETH and WAVES, both of which act like ‘fuel’ for their systems, are coins in the same way that BTC acts as a simple currency).

Tokens offer functionality over and above that of digital cash. They may deliver value to investors, beyond speculative returns; this is one of the purposes of ChronoBank’s TIME token. That can occur in a variety of ways, though typically through buybacks (since dividend payments entail regulatory problems). They may be used to hold votes by the community on key business decisions, or even technical changes to the platform.

Tomato or tomato, difference is in the spelling mate, like mate and friend, buddy, pal they all mean one thing but used in different places by different

People, in crypto sphere people call the shitcoins issued by Eth blockchain a token but in reality they're all traded on exchanges like coins, we are

Supposed to use tokens on their own platforms to access various services and they're supposed to be accepted only on their own platforms, coins

Should be accepted worldwide.

COin is he main coin with its network like eth while token is the coin created under the network like ten x pay is token, it is created in eth network or blockchain, Most ICOs use eth token , there are some use etc , and waves. Most ICos now use eth network because the developers may prefer eth to make smart contract deployed

no coin is curency that represts some abstract free money on market people use it and spend it.
Toneks represents shares/assts on blockcian and are linked to certain value.
Token usualy work on some plaform like ETH /BTC NXT. Tokes are tradable for coins( currency)

Coin is a cryptocurrency Protocol.
Example:  Bitcoin, Ether, NEO, WAVE, OMNI, NXT, Counterparty

Token is an App that can be built on top of the protocol.
Example: TenX is built on top of Etherum protocol, GAS is built on top of NEO protocol

Hope this helps!

Coins are used generally to define the digital tokens which has it's own blockchain.
While tokens are the digital tokens that are transacted using sidechain of a coin.

I think tokens are coins built within a coin....

I guess coins and tokens are slightly different. To me, the term "coin" is used when talking about Bitcoin, when the term "token" is and should be applied in terms of referring to Ethereum.

as what my friends told me tokens is another way that their going to paid instead of coins then you need to convert it in coins then into fiat currency. am I right the difference between the two of them I don't know. ive never try paid by token or even in coins because ive never join for some campaign.

Coin is a virtual currency in some countries can be used as a tool of transactions or delivery as well as fiat currency in general. while the token is like a coin but the difference tokens are still in the development process undertaken by ICO in the development of a project under construction. but in the end the token will be used like a coin in general for a transaction. and today many ICOs have built a token as a flaporm for the development of a project and usually can only be used in a flaporm on a project they are developing.

Coins are what we called the cryptocurrencies, such as Bitcoin, Ethereum, Litecoin etc. And the tokens are those things that have been forked from a specific Coin. Well that is much pretty all it, in the simplest explanation that is.

But the deeper explanation is yet to be unfold only thy yourself instead, you already have the idea so I'm assuming that you can now further research about their difference, and probably their importance and all.

i would say that in terms of eth, you could consider eth the foundations of a house. a token, would be what is built on top of it. you cannot have a token without eth, and eth underpins everything. tokens, can have many different functions, just like the parts built on top of the foundations, walls, windows etc

Coins basically are currencies which can be traded or used for buying and selling of things if those buyers and sellers choose to accept the coin. And a coin has its own blockchain or equivalent, and is not built on another like Etherium.

But a token is something that can be built on another platform, like Etherium, and a token actually plays role within the business operations and transactions of the company that issues it

I think token is any coin on the ethereum network or platform, and coin is is just a coin. I don't really know, myself I am confuse. I guess I can also learn from expert opinions here

I agree with this

Poink has a good explanation.

Both coins and tokens are cryptocurrencies.  Tokens are usually created on top of another blockchain such as Ethereum.

The simple different between token and coin is token was built from coin system. It means token is part of coin. Thats all i know.

All explanations are from personal idea, collective knowledge or Google?
Is there any standard and academic explanation?
If you can't explain clearly, simply and understandably to newbies, then it proves that you do not understand  it thoroughly
This is for newbies
Coin is money in crypto world (like USD, EUR in the fiat world)
Token is a code/symbol/ticker of a company in crypto world (like AAPL, GOOG in stock world)
You pay the money (coin) to buy a token (like that you pay usd to buy APPL shares)
And then to make it simple and easy to control. The company creates their own coin and name the coin same as token like bitconnect coin(token is BCC), hextracoin(token is: HXT), but still accept common coin like bitcoin and ethereum
Just imagine like this: bitcoin and ethereum like usd and euro the common currency in the world
Vietnam only uses VND in their country, but still accept USD and EUR

According to your statement, I see that it is quite an explanation, I commend you about that. But as you continue on explaining the concept of it, you seem to forget that this is for newbies, and because of this, you're just saying things that are even more complicated. You're just summing up all the misunderstandings behind its concepts. For the newbies, those words are all random and new, that they don't have the current knowledge for them to get what you have just said and they will probably wouldn't understand it more thoroughly.

This is the correct answer for the question stated above.
You also have a security token which is an electronic software access and identity verification device used in lieu of or with an authentication password.

The difference between Tokens and Coins is thst Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain.while coin are alternative cryptocurrency coins which are also called altcoins or simply coins.

the simpliest explanation without technicalities is, you can say coins are similar to tokens. It's just that Tokens are from Eth platform while coins have its own wallet.

According to https://blockgeeks.com/questions/what-is-the-difference-between-coins-and-tokens/

Coin is strictly a currency that can be traded, and accepted by people buying and selling things if those buyers and sellers choose to accept the coin. And a coin has its own blockchain or equivalent, and is not built on another like Etherium.

But a token is something that can be built on another platform, like Etherium, and a token actually plays role within the business operations and transactions of the company that issues it.

The difference between coin and token is that they have their own independent systems, software and independence from the central authority. Bitcoin is a coin. For example, Ethereum, Next and Wave are also a coin. The difference is that these systems have a software that allow them to issue tokens on themselves. Thus, tokens are a unit type bounded by central authority (Like Ethereum) and having limitations. I think it is possible to say that the decentralization idea is incompatible. Coins include tokens :)

1. Coins or Cryptocurrencies
These are digital currencies like Bitcoin in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. They are operating independently of a central bank.
Soon every fiat currency may become a cryptocurrency, in that case operating with central banks. This is what Singapore has started with their Ubin project.
2. Utility tokens
The utility tokens are services or units of services that can be purchased. As describes in Balaji S. Srinivasan post, these tokens can be compared to API keys, used to access the service.
They are a way to fund projects of shared infrastructure that couldn’t be funded before. To enable such ecosystems to be built some tokens can be “pre-mined” in addition to be sold in “crowd-sales” during tokens launches.

In practice, the line between coins and tokens is not clear and sharp. Both are used to transfer value, as a means of payment, in a similar way to that both USD and shares are used to reward people for work (though predominantly the former). As I understand it a coin is strictly a currency that can be traded, and accepted by people buying and selling things unilaterally in the same cryptocurrency. A token can also be regarded as currency but mainly within the business operations and transactions of the company that issues it andn the economic system it creates.

 

the token might works as similar function to gives with reference of tasks with the financial operation of the funds transfer as leaves of chance as might with the occupation to follows of the design template of the coins blockchain as referring unit of finest with the nominal value of price per unit with the decision of exchange.

This helped me a lot, thanks for the knowledge provided

Coin's have there own blockchain and tokens are app made on those coin's blockchain.
Example Ethereum is a coin having it's own blockchain while Monetha is a app developed on Ethereum's blockchain.

the terms are created and evolve as they are needed, and there is not always clear agreement about what they mean.
Two terms used to describe units of blockchain value are COIN and TOKEN. Their meaning and usage overlaps considerably and they are often used interchangeably, but — strictly speaking, at least — there are some differences.

All coins refer to cryptocurrency (like ETH, Bitcoin, DASH etc), while tokens are analogous to shares. This is like another way of financing projects of a common infrastructure that could not be financed previously.

So... if Ethereum price drops consequently all the Tokens created on that platform will drop too?

My jaw drops off because of how confusing you make this topic.

Token (in blockchain context) - unit of blockchain software.

Coin (in blockchain context) - token, used for trade.

All cryptocoins are tokens. Not all tokens are coins. For example, a smart contract in Ethereum blockchain is a token because it is a software unit inside Ethereum virtual machine. But contracts are not used themselves as a trade medium. They are just sets of rules and conditions that distribute Ether coins.

coins and tokens are essentially the same thing, it might be that projects call it another way in order to prevent regulation or not to attract too much attention. How these tokens or coins work is very similar to shares, they are distributed to investors and are trading on exchanges, which is what shares do. No one calls them shares though because that would indicate that they are securities, and securities are by the SEC something that has to be reported, delivered and regulated on. No one wants that so they end up calling the shares tokens or coins. Either way it's the same thing and you won't be right or wrong calling one thing or another.

here is a good article https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91

Many people use these interchangeably - and incorrectly so! A coin is a unit within a cryptocurrency protocol, for example Bitcoin, Eth, XRB, SIA. A token is a unit of exchange tied to an app built on top of a protocol. Both are tradable, which may well be where the confusion comes from.

According to the article which I've found:
What is a token?
A token is an accounting unit that is used to represent a digital balance in a certain asset. Accounting for tokens is maintained in the database on the basis of blocking technology, and access to them is done through special applications using electronic signature schemes.

And there are different types of tokens: equity tokens, utility tokens, asset-backed tokens.

I do not agree for 100% that coins are like money and tokens not. It depend on the type of token! If it is an equity tokens they are representing the company shares.
If it is an utility tokens they show some value within the business model of the online platform (reputation, scores for certain actions, game currency). And if it is an asset-backed tokens they are like digital obligations for real goods or services (kilograms of carrots, hours of work of the builder, etc.).

For the little that I know, coins are coins created from source codes or other currencies with ltc, or even code itself, so it uses its own mining network.

Tokens, on the other hand, use the base of another currency, in which case a currency based on eth or waves is created, and these currencies use the own mining network of those currencies to make their transactions.

write in google "difference between coin and token"
you can find a good explanation video in youtube

In basic crypto terms, Coin refers to a digital currency whereas Token refers to a digital utility token/points.

So if you all says token is instrument and coin is currency. Why instrument has a price on coinmarketcap?

What do you mean by “built on top of”? I understand the concept of gas price and gas limit.
I guess my question really is... are these tokens operating on the same network?
Are token transactions uploaded into the same transaction pools and included in the same blockchain?
Mined/ authenticated by the same nodes?
At the same time as the native coin?
How do I find out if a unit is a protocol or token of what protocol?

I know it’s allot of questions. Thanks for helping understand tokens vs clones.

A token has same aspects of usuage but unless a toke is not listed on exchanges, it couldn't be named as coin.
A coin is an asset that is acceptable in a valid form by most trading platforms, so a token basically has to be eligible for people to accept it before being a coin and the complete coins can be seen on exchanges like etherdelta, coinmarketcap, yobit etcitra

Thats also my understanding, and in addition coins like the bitcoin is a single cryptocurrency while a token is under a platform. Under a plat form say for example under Ethereum tere are many tokens that has value too that exists only under the ethereum chain.

exactly what i have in mind to ask. because I participated in an airdrop, some people were given coin while others were given token and it got me really confused when the manager ask that those who did not receive the token should send their wallet address, i was like ok, but have got some coin here in my wallet. i miss out because i did not understand the difference and even the explanation here is not clear. more light please.

This is the the good explanation of what is the difference between coin and token.

that means, the token is about the contract deal along with the pay (paid) in the etherum virtual machine. then in deposit, and withdraw, and sell to coins (btc, eth, or others). does that mean so?

tokens if the ICO isnt yet finished,tokens will be your coins after the tokens are listed to exchanges like bittrex,poloniex,binance etc.

ICOs are offering tokens thats what their unit are being called,pre-ico and ico tokens,once the development and ico has ended they will be listed to exchanges and your tokens will now be your coins,correct me if i am wrong.

Unlike coin, tokens can be emitted centrally (under the control of one organization) and decentralized (under the control of a predetermined algorithm). Processing and acceptance of transactions can also be performed centrally (all servers are controlled by one organization). The formation of the price of tokens can depend not only on the balance of supply and demand  but also on additional aspects (binding to an external asset, conditional emission rules or remuneration). In addition unlike the coin  token does not have its own block.

As for me i really do not know for now the difference of those two.But on my point of view i think that if you are talking with coins i would say that something that can serve as a payment something used to buy something or something used to trading or doing business while token for me means a share or a given reward for a job or something given by the company as for doing a great job for them.

As I understand the token is some kind of security paper. It could be use for buying some things but this is not the main designation. Otherwise coins are more liquid and they exist as a digital cash for trade.

In my opinion different between coin and token is coin are mineable so everyone can to participate to mine it, just like Bitcoin, Ethereum and Dash. And token is only their developer can create it and also only the developer can burn it. Coin they has own blockchain but token does not have it and use smart contract in other blockchain.

In addition, The two terms used to describe units of blockchain value are COIN and TOKEN. Their meaning and usage overlaps considerably and they are often used interchangeably, but  there are some differences.
The express purpose of a coin is to act like money: as a unit of account, store of value and medium of transfer. Coins tend to take the form of native blockchain tokens like bitcoin (BTC), Litecoin (LTC), and so on, though they do not have to. Where as Blockchain tokens do have value, but they cannot be considered money in quite the same way that a straightforward coin can.
Tokens are representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies!

There is a lot of people that is confused about these terms, so i'l explain:

Coins are basically currencies which can be traded or used for buying and selling of things if those buyers and sellers choose to accept the coin. And a coin has its own blockchain or equivalent, and is not built on another like Ethereum.
Coins are just "coins" that sometimes used as a foundation in creating new tokens.

But a token is something that can be built on another platform, like Ethereum, and a token actually plays role within the business operations and transactions of the company that issues it. The utility tokens are services or units of services that can be purchased.  These tokens can be compared to API keys, used to access the service.

this is something that even those who spend a long time in the market might know. coin coins are linked and the generic name of the produced material that is marketed as a project product.

In my own undertanding, coin are those digital currency which is launch to work with their own wallet/platform and blockchain technolgy while tokens are those who works using other's platform like erc20, waves, etc.

hi . Token is an app that can be built on top of the protocol.

I understand that coin can perform the functions of a means of payment and means of exchange, and token acts only as a means of reward for certain actions.

a coin is a project that has its own blockchain and a token is those who use other blockchain platform like eth, neo etc

D120

the difference of them is Coin have its own wallet and a blockchain,while token dont have waĺlet and you can sell it by smart contract into an ethereum platform like etherdelta.

They are both two terms used to describe units of Blockchain value.  Their meaning and uses overlap considerably and are often used interchangeably but at least there are some differences

Coins in cryptocurrency which operates independently any other platform.e.g litecoin,bitcoin whereas token is also a cryptocurrency which requires the another plateform e.g Neo,Waves .Coins are  based on their own blockchain But tokens are built on existing blockchain.

It's very simple, I think that now many understand what a token is and a coin, a token is an entity that is created on the basis of an existing platform, let it be ETH or NEO, but it does not have its own block, and the coin has its own block.

Coin is a virtual currency in several countries can be used as a means of transaction or delivery as well as fiat currency in general.
The purpose of a coin is to act like money: as an account unit, store value and transfer media. Coins tend to take the form of original blockchain tokens such as bitcoin (BTC), Litecoin (LTC), and so on, although they are not necessary. Where token Blockchain does have value, but they can not be considered money in the same way as a straight coin.

tokens is a medium of exchange, but generally more focused on a project. in addition, Token is one type of evidence of asset ownership that generally uses other existing blockchain technologies. These tokens are created in order to meet certain types of market instruments, or can also be called a single business. Token can be said as any form of tradable assets, such as data, currency, commodity, point reward and so on.

coin is a tool that can be used as a medium of exchange and more considered as currency. while tokens are made to meet the needs of a particular market or group and individual.

Maybe I'm misunderstanding something, but why this terminological casuistry and play with words? For ordinary consumers this is an equivalent concept, is not it? Speaking of the cryptocurrency - we mean a token, saying a token - we mean cryptocurrency. After reading the topic, I certainly now understand the difference, but if someone tells me the "token of the ether," I'll understand what I'm talking about and will not correct it.

Any coin has its own blockchain - this is their difference from tokens. Tokens act over of the blockchain, and it facilitates the creation of decentralized applications. Coins can carry value as physical money, while tokens can be used to solve tasks in the blockchain.

In the world of crypto I think coin and token are usually used interchangeably but I honestly think they are different...

A token is whats offered when a project is holding a token sale as some sort of proof of transaction and when this token sale is over it qualifies to be could a coin as it now has a monetary value ::)

base on my knowledge and researching the difference between coins and token hoping can with you
ALTCOIN simply call for short coin an alternative for bitcoin they have created by blockchain
TOKEN are tradable for the commodities to the other cryptocurrency
but for my own understanding both are usable for the cryptocurency trading using blockchain

Tokens are the same coins but they are not officially registered, that is, there are no prices on them, and they are not on the stock exchange...as soon as the price appears on the stock exchange and is assigned, it is no longer tokens...now it's coin.

Tokens is what we called before this been released to exchanges ,this is usually what youve got if you invested in ICO projects or if you join the signature bounties or any campaign related to ico.

While Coin is what we use from trading and being hold forlong term investments

Tokens are running on the coin network. For example any ERC20 tokens are operates on the Ethereum network.
You need ETH as a gas to transfer ERC20 tokens on that network. Same as other coin, it has some token.
Tokens are usually used for fund rising on ICO.

Yes, it is the same not officially registered and both are not found on the stock exchange. However if tokens will be assigned with value in stock exchange then this is the time they count as coins for traders investment used to make money when exchange successfully.

Always thought that the coin and to coin the words are synonyms. In any case, in everyday communication.

Normally token are referred to the Etherium smart contracts and Coins are basically the currency like bitcoins, litecoins. You can say if it runs on block chain type platform, it is refereed as a coin which on etherum platform it is referred as a token. Most people used these terms inter-changeably without worrying about the definition difference of both of them

to me the difference a coin and a token a coin is what the manager of a bounty award during the bounty campiagn while coin is what the team of a bounty pays to someone wallet address after they have converted the token to a coin then they it to the individuals that participated in the bounty.

No, it is not the same thing. Coins are much more valuable than tokens, because they have much more feature and capabilities. Tokens are really limited within the company that gave them. Don`t be foul and never exchange coins for tokens.

Thanks for the knowledge you shared. Although I was involved in the crypto market, but for me this knowledge is very necessary. I will tell many of my friends to they understand the difference between coin and token

All coins and tokens are cryptocurrency.
Altcoin
Alternative coins / altcoin / coins are an alternative to Bitcoin. The majority of altcoin is a fork variant of Bitcoin, using the Bitcoin open source protocol with coding changes to create new coin types with different features.
Examples of altcoin which are variants of Bitcoin coding are Namecoin, Peercoin, Litecoin, Dogecoin and Auroracoin.
There are also other altcoins that are not derived from the open source protocol Bitcoin. Instead, the coins were created using new blockchains and protocols. Examples for this coin include: Ethereum, Ripple, Omni, NXT, Waves and Counterparty. Altcoin this type has its own blockchain that records the transaction process of the coin.


Token
Token is a representation of asset ownership, which generally uses other existing blockchain technologies. It can be said token is any form of tradable assets, for example: commodities, data, point rewards, currency, and others.

Conclusion

The main difference between altcoin and token is the structure; altcoin is a currency that uses its own blockchain platform, while the token operates using another blockchain that can facilitate the smart contract.

I think the coin and token are likely the same because they are consider as a investment and there is nothing comes to my mind that they are different because they are the same in all things.

The main similarity of all coins lies in the fact that each of them has its own independent blockchain, where transactions occur. Creating tokens is a simpler process. Do not need to borrow codes from a specific protocol or create own blockchain. All you need to do is follow the standard blockchain platforms, for example, usage of the Ethereum platform, which allows you to create your own tokens

Coin is he principle coin with its system like eth while token is the coin made under the system like ten x pay is token, it is made in eth organize or blockchain, Most ICOs utilize eth token , there are some utilization and so forth , and waves. Most ICos currently utilize eth organize in light of the fact that the designers may lean toward eth to make savvy contract sent

A coin has its own blockchain while a token was just created from a contract thats my understanding

Usually, people are confused and use them for the same meaning. Actually they are different. If you notice on coinmarketcap, they categorize it into coin and token.
If cryptocurrency is created from their own blockchain (ex: NEO, XLM. XRP, ETH, BTC,..), we will call it "COIN".
If cryptocurrency is based on other smart-contract platform, we call it "TOKEN" (ex:  Qtum is based on Ethereum platform)

Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies!

Oh, a token is just a digital asset deployed on a certain chain, but a coin is the unit of the chain itself. In terms of investment, if you buy a coin you normally have a stake on the value of the chain, but a token may represent a stake in any of the business or projects that are built to be supported on that chain.

I wonder how for me there is not much difference and that and that is traded. And if it means that it is a digital asset, then it can and should be earned on it.

Concerning me I truly don't know for the present the distinction of those two.But on my perspective I believe that in the event that you are conversing with coins I would state that something that can fill in as an installment something used to purchase something or something used to exchanging or working together while token for me implies an offer or a given reward for an occupation or something given by the organization concerning completing an awesome activity for them.


Coins they have the block chain on their own and have the platform to transfer tokens.
This can create more number of supplies.
While Token are those who created under contract. most of them are NEP5 and ERC20

@pacapa mloloh has explained into two simple sentences the difference between a token, currency and a fork.



token is what we hold before it is being listed on an exchange while coin is what we use to hold for long term investement

i can say that coins are mineable while token are given by ICOs through bounties.

In most cases, we use coin and token interchangeably. But I think, a token is simply a smart contract effected on an ecosystem which has a blockchain. A token is very simple to create and requires little or no technical expertise because its code has already been built on the ecosystem. A coin on the other hand requires a great deal of technical expertise because the blockchain needs to be built, together with the entire ecosystem.

coins are the tokens used for trading while tokens are a unit of the blockchain

Both can be called cryptocurrency, but if coins (such as bitcoin or litecoin) work using their own blockchains, tokens live on top of existing infrastructure, such as the Ethereum blockchain. Blockchain, in fact, is a record of transactions protected by the network.
So, coins have their own independent transaction registers, and tokens rely on some third-party network to confirm and secure transactions. Coins are often used to transfer financial assets. Tokens have much more functions – this is a kind of digital contract for almost anything; physical objects, events tickets, loyalty points, etc.

The key purpose of contrast between a token and a coin is that a coin is issued by an administrative neighborhood or national expert and is unreservedly replaceable for products or different coins, while a token has a considerably more constrained utilize and is regularly issued by a privately owned business, gathering, affiliation or person. On account of "money tokens" issued by an organization yet additionally perceived by the state there is a union among-st tokens and cash.

In my views, Coins are computerized cash, made utilizing encryption strategies, that store an incentive after some time. Fundamentally, it is a computerized likeness cash. Bitcoin is the most renowned case. Tokens are computerized resources, issued by the undertaking, which can be utilized as a technique for installment inside venture's biological system, Coins are the only strategy for installment while tokens may display an organization's offer, offer access to item or benefit and perform numerous different capacities. Coins are monetary standards that can be utilized for purchasing and offering things. You can purchase a token with a coin, yet not the other way around. Coin works autonomously, while token has a particular use in the task's biological community.

The different of coins and token.

Coins or Altcoin - are digital money, created using encryption techniques, that store value over time. Basically it is a digital equivalent of money. Bitcoin is the most famous example.

Token -Tokens are digital assets, issued by the project, which can be used as a method of payment inside project’s ecosystem, performing similar functions with coins, but the main difference is that it also gives the holder a right to participate in the network.

i hope this will help you. thank you

Bitcoin is a coin. Then there are two kinds of altcoins. 1. Bitcoin forks: Litecoin, Dogecoin, they are built on the bitcoin code.  2. Other altcoins use their own blockchain such as Ethereum. And tokens do not create code from scratch, they use existing platforms and make a template, such as the standard ERC-20 .

For many, there is no fundamental difference between these concepts. Currency includes the characteristics: the unit of account, medium of exchange and store of value. Coins and tokens differ in the method of creation.

Perhaps I'm misconception something, yet why this expressed evasion and play with words? For normal shoppers this is a proportional idea, would it say it isn't? Talking about the digital currency - we mean a token, saying a token - we mean cryptographic money. In the wake of perusing the point, I positively now comprehend the distinction, however in the event that somebody lets me know the "token of the ether," I'll comprehend what I'm discussing and won't right it.

if according to my analysis the difference between COINS and TOKEN is?
A coin is a coin that has a platfrom, while the token must be attached to another coin plate to get the price.
But the coin with the token remains the same coin. The token is usually called the Ethereum ECR-20 Asset, while the transaction token coin is faster than the coin because the token is an ethereum asset.

I understand that the difference is that the token is not mine but the coin well and the difference in the protocols is available.

for me
the difference between token and coins and token is a reward when you join a bounty campaign that you can sell when the market value is out. you can accept it when you join airdrop facebook, twitter, signature that you do not need to invest you just need to work.


In coins you do not need to work as long as you have money you can invest and wait for the right time and recover your money when the value or market change is great.

Coins are a method of payment and have a many uses like bitcoin or litecoin, you can use them in many ways and for many things, while tokens are just a type of currencies issued by a company or a site, specific to it so you can only use it for getting things or services from that specific place, and usually you are able to buy tokens with coins but not the other way.

Token is used when that ICO did not publish in the market.
Coin is used when that project is published already.
People will get many offers and benefits in buying Token and being one of the foundators of that ICO.

Coin is a means of payment. Bitcoin is a coin. Token is an asset that guarantees the compliance with the conditions, it works like a receipt for services or goods a person paid for.

Good question. For some time I couldn't grasp the distinction between “coin” and “token”. Then I've found this article from CITOWISE: https://blog.citowise.com/the-basics-coin-vs-token-what-is-the-difference-5cd270591538. Simple explanation there.
Actually, most companies offer both tokens and coins, for example, CEX (https://cex.io/).

The difference is very significant and of course as you guessed it, the coin has its own blockchain which can vary greatly in its beliefs, but as for the token, it is based on a common platform and has limitations in the changes.

honestly, I do not see a difference, I know only one thing that tokens is so to speak a digital coin that you are paid, then you convert tokens into coins, and then into currency. Maybe I am.

The token is a cryptocurrency that still attaches its network to another coin, for example the Ethereum coin that always gives its token network to ICO participants.

If Coin is a cryptocurrency that stands on its own network or has its own Explorer.

Tokken is a component of the coin, they can be obtained for special actions for the company , after which the company pays you tokens.

These are two name of the same one thing actually tokens are the first reward paid or allotted by a company against the work done for the company which are secondly converted in to tokens the main reward of the same company against the same work done for the company.

The coin is an Altcoin produced with its ecosystem, just as NEO and ETH are considered currency when they have their ecosystem. Tokens are created based on other coins such as NEO and ETH. Based on Altcoin's foundation, we can distinguish it as a Coin or Token.

The difference between coins and tokens is the way they are created. Tokens, unlike coins, are created much easier. The creation of tokens is limited by the choice of platform + tokens are almost always created on a special basis.

The difference is obvious. Much has been said about this. It seems to me that we need to talk about the prospects for development. It seems to me that coins have a better foundation than tokens. I try to avoid tokens when investing :D

as  i  know coin   is  used for  using  moneys  in general  or  exchange  and  token  is  about   application   and  this  is  my knowledge  about this.

Tokens and coins have significant differences. Unlike a token, any coin can be called a cryptocurrency. Tokens are not cryptocurrency, they are rather a kind of access key to the service provided by the project that issued such a token.

 I also found out quite late about the difference between a token and a coin)) But everything turned out to be quite simple!
A coin is a digital currency that is used for settlements within a particular technology. (In most cryptocurrencies, this is the blockchain technology).
 A token is a kind of financial instrument that an investor receives from a company in exchange for his money. Possession of this tool implies a warranty.
But if you are only a bounty hunter, there is no difference what to earn. :) I think so)

Apart from the difference in their names, and pronunciations, coins and tokens also differ in the way that while coins are a more advanced technology with a blockchain of their, tokens are less advanced, and have to depend on the blockchain technology of coins for their existence, and survival. I hope this helps  ;)

Coin, fixed, cryptocurrency.  Actively traded on all crypto exchanges.
 Markers are created by companies leading ICO, and, as a rule, are completely new means of payment.  Depending on which coin the token is attached to, it may have a specific block chain.

you later change the tokens to coins, since any cryptocurrency has its own coins