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Title: Altcoin and token: Classification of crypto Post by: tuansemazi on April 22, 2018, 10:01:23 AM I know the main difference between altcoins and tokens lies in their structure; While altcoin is a separate currency within its own blockchain, the token operates on top of a blockchain, which facilitates the creation of DApps. So altcoin and token is better? Are any tokens want to develop need to become altcoin?
Title: Re: Altcoin and token: Classification of crypto Post by: hase0278 on April 22, 2018, 12:57:44 PM I know the main difference between altcoins and tokens lies in their structure; While altcoin is a separate currency within its own blockchain, the token operates on top of a blockchain, which facilitates the creation of DApps. So altcoin and token is better? Are any tokens want to develop need to become altcoin? Nothing is better between the two since there are times when altcins are better than tokens and vice versa. Basically, every token is also and altcoin IMO since I definitely altcoin in my mind as any crypto currency that is not Bitcoin(alternate Bitcoin) which in sense is what token and any other coins existing in the market is. For this reason there is no need for a token to become and develop to be an altcoin since it is already one.Title: Re: Altcoin and token: Classification of crypto Post by: mk4 on April 22, 2018, 01:38:56 PM For this reason there is no need for a token to become and develop to be an altcoin since it is already one. Tokens should switch to being a non-token(not running on the Ethereum blockchain) if the developers/community decided that they want their coin to run on their own blockchain, in contrast to running on the ethereum network. Title: Re: Altcoin and token: Classification of crypto Post by: tuansemazi on April 22, 2018, 05:32:57 PM For this reason there is no need for a token to become and develop to be an altcoin since it is already one. Tokens should switch to being a non-token(not running on the Ethereum blockchain) if the developers/community decided that they want their coin to run on their own blockchain, in contrast to running on the ethereum network. Title: Re: Altcoin and token: Classification of crypto Post by: mk4 on April 25, 2018, 04:53:44 PM Altcoins and btc are truly people's currencies. They coming to us very often, new and new coming out every day. And many people and companies going to adopt blockchain in their life. That doesn't contribute to the topic at all. We were talking about coins vs tokens in terms of structure and classification. I swear I've seen more newbies that deserved higher ranks. |