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Title: what is differences between coin and token ? Post by: SAROKISU on May 18, 2018, 02:39:25 AM what is difference between token and coin. coin is best or token.
Title: Re: what is differences between coin and token ? Post by: bobo012 on May 18, 2018, 02:53:17 AM what is difference between token and coin. coin is best or token. To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way Title: Re: what is differences between coin and token ? Post by: mpufatzis on May 18, 2018, 06:40:27 AM There are centralized and decentralized coins. A decentralized coin is mineable but the centralized is owned by someone (pre-mined) who distributes and sells it (Ripple could be an example). In my opinion tokens and centralized coins are similar. Using the Ethereum network, you avoid developers and you use the existing blockchain of ETH, so you don't need to do it on your own.
And you have an advantage, your token could possible attract more investors than a new unknown coin. Title: Re: what is differences between coin and token ? Post by: sud on May 18, 2018, 09:17:52 AM I don't know if there is any straightforward distinction between coins and tokens, but overall coins are means of payment or store of value while tokens may have some functionalities. There are few good articles/posts covering this topic, so you can read them and make your own conclusions:
https://blog.chronobank.io/token-vs-coin-whats-the-difference-5ef7580d1199 https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/ https://www.cryptocompare.com/coins/guides/token-economies-101-the-difference-between-tokens-and-coins/ Title: Re: what is differences between coin and token ? Post by: Jet Cash on May 18, 2018, 12:03:43 PM The main difference between altcoins and tokens is in their structure; altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications. Please don't copy from other sites without providing a credit and a link. This post is a straight copy from the summary on this page http://fiat4coin.com/2018/03/01/coins-tokens-altcoins/ Title: Re: what is differences between coin and token ? Post by: suzanogbomo on May 18, 2018, 12:07:46 PM what is difference between token and coin. coin is best or token. To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way Title: Re: what is differences between coin and token ? Post by: CryptAssist on May 18, 2018, 12:22:35 PM what is difference between token and coin. coin is best or token. To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way Title: Re: what is differences between coin and token ? Post by: cryptoum on May 18, 2018, 06:45:56 PM Am I wrong or is a Token technically just an Ethereum thing? Not all tokens are connected to Etherium. Title: Re: what is differences between coin and token ? Post by: MinoRaiola on May 18, 2018, 06:58:40 PM Am I wrong or is a Token technically just an Ethereum thing? Not all tokens are connected to Etherium. Oh yes! Look there: https://bitcointalk.org/index.php?topic=3871468.0 Title: Re: what is differences between coin and token ? Post by: The Cryptovator on May 18, 2018, 08:31:20 PM The main different with coin and token is, A coin they have their own blockchain. For example Bitcoin, Ethereum and lite coin. But for token they don't have own blockchain. Token deploy on using other blockchain. Most of token use Ethereum blockchain for deploy token. They called erc20 token. Example OmiseGO is erc20 token. It's build on ethereum blockchain.
Title: Re: what is differences between coin and token ? Post by: cryptoum on May 19, 2018, 03:55:42 PM Am I wrong or is a Token technically just an Ethereum thing? Not all tokens are connected to Etherium. Oh yes! Look there: https://bitcointalk.org/index.php?topic=3871468.0 Interesting read, thanx. It seems that there is lot to be learned on this forum. Title: Re: what is differences between coin and token ? Post by: MinoRaiola on May 19, 2018, 04:01:20 PM Am I wrong or is a Token technically just an Ethereum thing? Not all tokens are connected to Etherium. Oh yes! Look there: https://bitcointalk.org/index.php?topic=3871468.0 Interesting read, thanx. It seems that there is lot to be learned on this forum. You are welcome. Take care and be aktiv here, it is the best way to be safe in the cryptoworld. Title: Re: what is differences between coin and token ? Post by: abanansah on May 19, 2018, 04:03:23 PM I think tokens are depended on a coin to be functional , for example, alternative currencies used in ICOs are mostly tokens that derive it functionality from ERC 20 ,which is a coin that is already established.
Title: Re: what is differences between coin and token ? Post by: Rexphyl on May 19, 2018, 05:12:31 PM coins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.
Title: Re: what is differences between coin and token ? Post by: Joushi on May 19, 2018, 05:17:10 PM what is difference between token and coin. coin is best or token. To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way |