Bitcoin Forum

Other => Beginners & Help => Topic started by: Irene80 on February 27, 2018, 06:09:32 AM



Title: Questions about Token
Post by: Irene80 on February 27, 2018, 06:09:32 AM
Dear members. I'm so overwhelmed by the token thingy, and I'd like to have the opinion of others.
Can somebody enlighten me about what token is, which one is good to be considered for a beginner? and what about its security and transparency? 
Thanks.


Title: Re: Questions about Token
Post by: mk4 on February 27, 2018, 06:22:45 AM

Can somebody enlighten me about what token is

Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. - For more information: https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/

which one is good to be considered for a beginner
What do you mean? There's no such thing as a "for-beginner" token. Each other coin/token has their own use-cases.

and what about its security and transparency?
This completely depends on the coin/token. Some coins/tokens are definitely more secure and transparent (such as bitcoin). And some aren't really that secure and transparent (probably like XRP correct me if I'm wrong).


Title: Re: Questions about Token
Post by: Irene80 on February 27, 2018, 06:44:41 AM
Thank you for responses, I'll take my time to check the link you shared :)