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What is the difference between a "coin" and "token"?
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Topic: What is the difference between a "coin" and "token"? (Read 8168 times)
Renu kapoor
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Re: What is the difference between a "coin" and "token"?
October 03, 2018, 05:06:29 PM
#121
These are two name of the same one thing actually tokens are the first reward paid or allotted by a company against the work done for the company which are secondly converted in to tokens the main reward of the same company against the same work done for the company.
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waitforme
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Re: What is the difference between a "coin" and "token"?
October 03, 2018, 05:20:24 PM
#122
The coin is an Altcoin produced with its ecosystem, just as NEO and ETH are considered currency when they have their ecosystem. Tokens are created based on other coins such as NEO and ETH. Based on Altcoin's foundation, we can distinguish it as a Coin or Token.
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baronandr
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Re: What is the difference between a "coin" and "token"?
October 09, 2018, 04:13:05 PM
#123
Quote from: Nachalnik on March 13, 2017, 03:32:19 PM
I've heard of some companies offering tokens instead of coins, is this the same thing?
The difference between coins and tokens is the way they are created. Tokens, unlike coins, are created much easier. The creation of tokens is limited by the choice of platform + tokens are almost always created on a special basis.
Greedy squirrel
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Re: What is the difference between a "coin" and "token"?
October 09, 2018, 04:16:02 PM
#124
Quote from: Nachalnik on March 13, 2017, 03:32:19 PM
I've heard of some companies offering tokens instead of coins, is this the same thing?
The difference is obvious. Much has been said about this. It seems to me that we need to talk about the prospects for development. It seems to me that coins have a better foundation than tokens. I try to avoid tokens when investing
riptv
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Re: What is the difference between a "coin" and "token"?
October 09, 2018, 04:19:48 PM
#125
as i know coin is used for using moneys in general or exchange and token is about application and this is my knowledge about this.
Georgiyk
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Re: What is the difference between a "coin" and "token"?
October 09, 2018, 04:21:16 PM
#126
Tokens and coins have significant differences. Unlike a token, any coin can be called a cryptocurrency. Tokens are not cryptocurrency, they are rather a kind of access key to the service provided by the project that issued such a token.
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SandraStark
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Re: What is the difference between a "coin" and "token"?
October 12, 2018, 08:51:07 PM
#127
I also found out quite late about the difference between a token and a coin)) But everything turned out to be quite simple!
A coin is a digital currency that is used for settlements within a particular technology. (In most cryptocurrencies, this is the blockchain technology).
A token is a kind of financial instrument that an investor receives from a company in exchange for his money. Possession of this tool implies a warranty.
But if you are only a bounty hunter, there is no difference what to earn.
I think so)
pretfeestje
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Re: What is the difference between a "coin" and "token"?
October 18, 2018, 08:31:14 PM
#128
Apart from the difference in their names, and pronunciations, coins and tokens also differ in the way that while coins are a more advanced technology with a blockchain of their, tokens are less advanced, and have to depend on the blockchain technology of coins for their existence, and survival. I hope this helps
Zdraste16
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Re: What is the difference between a "coin" and "token"?
November 20, 2018, 07:20:10 PM
#129
Quote from: Nachalnik on March 13, 2017, 03:32:19 PM
I've heard of some companies offering tokens instead of coins, is this the same thing?
Coin, fixed, cryptocurrency. Actively traded on all crypto exchanges.
Markers are created by companies leading ICO, and, as a rule, are completely new means of payment. Depending on which coin the token is attached to, it may have a specific block chain.
marcitosi
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Re: What is the difference between a "coin" and "token"?
November 20, 2018, 07:26:58 PM
#130
you later change the tokens to coins, since any cryptocurrency has its own coins
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