thinklab71 (OP)
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December 30, 2017, 08:04:29 PM |
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Can you transfer tokens as easy as you transfer coins? Do people use tokens in real life transactions or just coins
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jlanzago
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December 30, 2017, 08:09:41 PM |
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Tokens can be transferred very easily from wallet to wallet. They could be use as currency but are not its intended purpose, they are deemed to be used in a specific platform or app (utility tokens).
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asayoyaasa
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December 30, 2017, 08:12:13 PM |
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Its easy and fast to transfer token, i never know is there in real life use for token, but some token planing to do so like for everyday use to replacee fiat and else
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thinklab71 (OP)
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December 30, 2017, 09:10:06 PM |
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So tokens are like ownership in a way. and coins are not. So does some companies raise capital through tokens for a coin project they later create a coin?
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yinyangwinwang
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December 30, 2017, 09:52:44 PM |
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So tokens are like ownership in a way. and coins are not. So does some companies raise capital through tokens for a coin project they later create a coin?
Not necessarily coins are made through mining whereas tokens are made through smart contract. I have yet to see a coin go use tokens and same with tokens they don't use coins. Why would you even need both that seems like a moot point and redundant. Both are ownership as long as you have the private keys but they do differ in how they function for sure.
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cryptortoise
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December 30, 2017, 09:54:27 PM |
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Can you transfer tokens as easy as you transfer coins? Do people use tokens in real life transactions or just coins
Tokens should be traded to get you coins,then use coins to get transactions in real life.
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thinklab71 (OP)
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December 30, 2017, 10:51:10 PM |
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So for example, lets say this.
XYZ is looking to raise money for this new concept of a coin. They have a token sale, then the token is released on the Exchange. Now they want to do the coin for the general use in a third world country.
Do they create a coin also or issue tokens to the people in this country to trade within their location?
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mmo_online_1981
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December 30, 2017, 10:57:26 PM |
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Can you transfer tokens as easy as you transfer coins? Do people use tokens in real life transactions or just coins
Tokens can be easily transferred like the Altcoin! It is important that you choose the wallet to use! for me! ETH and token used https://www.myetherwallet.com/Please caryfull to check " https://www.myetherwallet.com/"
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thinklab71 (OP)
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December 30, 2017, 11:01:44 PM |
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Can you transfer tokens as easy as you transfer coins? Do people use tokens in real life transactions or just coins
Tokens can be easily transferred like the Altcoin! It is important that you choose the wallet to use! for me! ETH and token used https://www.myetherwallet.com/Please caryfull to check " https://www.myetherwallet.com/" Can you have a custom wallet built for tokens?
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lobo13hf
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December 30, 2017, 11:26:05 PM |
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Can you transfer tokens as easy as you transfer coins? Do people use tokens in real life transactions or just coins
Token or coin both is not different. The fact that every coin or token can be sent to the compatible address that already generated from its blockchain. For the actual use coin or token and it's still in the digital transaction rather than use it to be the practical use. You can't transfer each coin that used blockchain A to the another blockchain like blockchain B.
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ICOselector2018z
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December 31, 2017, 06:31:59 AM |
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Yes, it can be transferred pretty easily from wallet to wallet. I think the ONLY issue is whether we are doing it in secured way or not. This is always the main concern. Authoreon is one option that’s putting it in to change it. This is to do with their magnificent concept running on providing the solution for Cyber Attacks and all such security incidents. It’s all very much to be solved by them. They are having their TOKEN sales on, so get in with just a day left!
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otundebis
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December 31, 2017, 06:36:58 AM |
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Token transfer is the easiest! Depending on the kind of token you are transferring. Token are usually built on another altcoin and the traffic of such coin i.e the transaction time on the network of such coin will determine how fast your token will be transfer!
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wayaneka
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December 31, 2017, 09:33:46 AM |
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At the moment i make transfer token only for trade it, so i never use yet that token for buy any real product. Make transfer of token is easy and fast as long never any problem with Ethereum network. Now i have seen only coin that possible to use to buy any real product or other service in the internet. But in the future can be some token will do the same beacuse day by day many more token that created and some of them has big value in the future.
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NerdYale
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December 31, 2017, 09:42:48 AM |
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Its really easy to transfer tokens, especially those with their own wallets where the fee is the token itself. Ut if you are talking about erc20 tokens, youll be paying for gas fee so its more expensive.
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cdb1690
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December 31, 2017, 09:55:01 AM |
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One of the consequences of cutting edge technology is the absence of official definitions. I have seen three to four entirely different explanations of differences between coins and tokens, some are based on the underlying technology, while others are based on the purpose and the utility of financial instrument. From technology point of view I think it's much more useful to differentiate between native blockchain assets such as Bitcoin or Ethereum and smart contract based assets such as ERC20 or NEP-5 assets.
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cryptoblazter
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December 31, 2017, 10:08:34 AM Last edit: December 31, 2017, 10:19:01 AM by cryptoblazter |
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Can you transfer tokens as easy as you transfer coins? Do people use tokens in real life transactions or just coins
If you are talking about transfer token to tokens which is altcoins that's easy to apply. However, if you are going to transfer altcoin to our currency of course it can't be happen which is not possible anyway to transfer into fiat.
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max6575
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January 01, 2018, 02:24:18 PM |
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yes might entering the trading table to exchange with major currency as pair to send with the exchanger wallet to different coins id
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