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Title: Deleted, not helpful at all Post by: yazher on April 26, 2019, 11:47:39 PM Deleted, not helpful at all
Title: Re: The Difference Between Coins and Tokens Post by: Tissuecoin on April 27, 2019, 02:14:23 AM This is very interesting, I didn't know and think there was some kind of differences between coins and tokens. I always thought tokens are just crypto coins backing crypto products or projects. This post made me rethink about my initial knowledge i had regarding what coins and tokens are. Thanks for the enlightening.
Title: Re: The Difference Between Coins and Tokens Post by: Sharon121212 on April 27, 2019, 04:38:38 AM This is very interesting, I didn't know and think there was some kind of differences between coins and tokens. I always thought tokens are just crypto coins backing crypto products or projects. This post made me rethink about my initial knowledge i had regarding what coins and tokens are. Thanks for the enlightening. Then you must really be a newbie that's needs to do much research. I actually thought that this post was too basis and everybody here should have know that coin and token are two different things in cryptocurrency.Title: Re: The Difference Between Coins and Tokens Post by: Tissuecoin on April 27, 2019, 05:47:34 AM This is very interesting, I didn't know and think there was some kind of differences between coins and tokens. I always thought tokens are just crypto coins backing crypto products or projects. This post made me rethink about my initial knowledge i had regarding what coins and tokens are. Thanks for the enlightening. Then you must really be a newbie that's needs to do much research. I actually thought that this post was too basis and everybody here should have know that coin and token are two different things in cryptocurrency.I don't think I agree with you on the fact that this post is too basic. Knowledge is knowledge, there is no basic knowledge in the crypto space we find ourselves. We build on different bits of knowledge to get a perfect understanding. The post will help anyone who just joined this crypto space.. Title: Re: The Difference Between Coins and Tokens Post by: tranthidung on April 27, 2019, 05:49:32 AM I have small ideas (on formats, not contents) for you to improve your OP.
Bold effects result in side effects if you bolding all words in the OP like this. You should edit the OP, and only bolding which words you want to emphasize. Those bold words will better catch eyeballs of readers if you use the effect appropriately, not overuse it. Title: Re: The Difference Between Coins and Tokens Post by: Crypto Girl on April 28, 2019, 11:06:46 AM Let's make it more simple • coin - have own blockchain e.g. ethereum • token - doesn't have a blockchain e.g. erc20 based tokens I have small ideas (on formats, not contents) for you to improve your OP. I honestly didn't read everything what's in OP. It's like reading the article that he cited.Bold effects result in side effects if you bolding all words in the OP like this. You should edit the OP, and only bolding which words you want to emphasize. Those bold words will better catch eyeballs of readers if you use the effect appropriately, not overuse it. Title: Re: The Difference Between Coins and Tokens Post by: Bitcoin_Arena on April 28, 2019, 07:48:41 PM 2) they may be sent, received or mined. This is not true and it is not a clear cut difference.Coins are not meant to perform any functions beyond acting like money. 1. We also have tokens that can be sent and received and can act as a currency because they have value in them such as Pundix(ERC20 token), OmiseGO(ERC20 token),Metal(ERC20 token). As you can see, they are all based on the Ethereum blockchain, but they offer payment solutions. 2. Not all coins can act as money or payment solution like BTC, DASH or LTC. They have different roles to play e.g Some are storage based coins, others are game based coins which you can not use as a method of payment in your local restaurant that accepts cryptopayments. 3. Also, not all coins can be mined e.g Ripple Coins are just a method of payment while tokens may present a company’s share, give access to product or service and perform many other functions. Coins are currencies that can be used for buying and selling things. You can buy a token with a coin, but not vice versa. Coin operates independently, while token has a specific use in the project’s ecosystem. I disagree, you can also buy a coin using a token thanks to the numerous exchanges available.I used to sell off a lot of Shitcoins for a much more valued Ether and BTC. |