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Author Topic: Altcoins vs Tokens  (Read 411 times)
vuvuvu1
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March 04, 2018, 08:09:05 AM
 #41

I have a question regarding the reliability of tokens: is the investment in tokens as safe as that in coins? Looking for experts comments. Thank you in advance.
cool_hikaru
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March 04, 2018, 08:10:25 AM
 #42

It can be easily understood the difference between altcoin and token: the platform.
Coin is a Cryptocurrency which operates independently of any other platform. For eg. Bitcoin, Dash and Litecoin.
Token is a cryptocurrency which requires another platform, such as Ethereum, to exist and operate. For eg. OmiseGo, Golem, TenX, Tether & Gas.
kariky_123
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March 04, 2018, 05:23:42 PM
 #43

It can be easily understood the difference between altcoin and token: the platform.
Coin is a Cryptocurrency which operates independently of any other platform. For eg. Bitcoin, Dash and Litecoin.
Token is a cryptocurrency which requires another platform, such as Ethereum, to exist and operate. For eg. OmiseGo, Golem, TenX, Tether & Gas.

Yes, I agree. Coins are standalone cryptocurrencies that do not require another platform to run, whereas Tokens are actually built on other platforms and they exist on that platform.
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