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Author Topic: Altcoin & Token - What's diffferent ?  (Read 149 times)
deathwish
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November 13, 2017, 08:49:39 PM
 #1

Could someone please explain to me what is the difference between an Altcoin and a Token.
I'm a newbie, so please don't mind me asking.

I took part in some airdrop recently and now I was told that it is a token and not a coin. What does that mean ? What can I do with it ?
Can I trade tokens ?
What's the point of having tokens ?

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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cryptobaht
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November 13, 2017, 09:19:31 PM
 #2

Could someone please explain to me what is the difference between an Altcoin and a Token.
I'm a newbie, so please don't mind me asking.

I took part in some airdrop recently and now I was told that it is a token and not a coin. What does that mean ? What can I do with it ?
Can I trade tokens ?
What's the point of having tokens ?


Tokens are usually issued on ICOs. You can't mine them and they are being traded on relatively small number of exchanges. Altcoins are, well, all coins that are not Bitcoin  Smiley
nrm4bits
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November 13, 2017, 11:58:39 PM
 #3

Well, altcoin is an alternative coin to bitcoin and a token you can see it like a share like the one from stock markets.
If i'm wrong please correct me.

C
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mjglqw
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November 14, 2017, 01:06:22 AM
 #4

An altcoin is an altcoin.

A token is an altcoin; but an altcoin isn't a token.

Tokens are altcoins that run on the Ethereum chain.

Mcry89
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November 14, 2017, 08:04:55 AM
 #5

What is the difference between a "Coin" and a "Token" on the site?

A Coin is a cryptocurrency that can operate independently.

A Token is a cryptocurrency that depends on another cryptocurrency as a platform to operate. Check out the crypto tokens listings to view a list of tokens and their respective platforms.

This above information is taken from Coinmarketcap guidelines. Cheers!
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