Bitcoin Forum
November 21, 2018, 02:57:45 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What is the difference between a Altcoin and a Token?  (Read 89 times)
rajchy
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile
July 02, 2018, 08:08:35 AM
 #1

I do not have much idea about cryptocurrency, I am absolutely new in this crypto world, I want to know about  'What is the difference between a Altcoin and a Token?'
1542769065
Hero Member
*
Offline Offline

Posts: 1542769065

View Profile Personal Message (Offline)

Ignore
1542769065
Reply with quote  #2

1542769065
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542769065
Hero Member
*
Offline Offline

Posts: 1542769065

View Profile Personal Message (Offline)

Ignore
1542769065
Reply with quote  #2

1542769065
Report to moderator
1542769065
Hero Member
*
Offline Offline

Posts: 1542769065

View Profile Personal Message (Offline)

Ignore
1542769065
Reply with quote  #2

1542769065
Report to moderator
erominer
Newbie
*
Offline Offline

Activity: 157
Merit: 0


View Profile
July 02, 2018, 08:27:16 AM
 #2

token is also an altcoin that has its chain running in anothers altcoin chain... google ethereum you'll understand...
Jet Cash
Legendary
*
Offline Offline

Activity: 1064
Merit: 1303


I don't merit Spambies


View Profile WWW
July 02, 2018, 08:39:33 AM
 #3

An Altcoin is a coin other than Bitcoin.

The real question is what is the difference between a token and a coin.

I think the answer is a bit subjective, but this is my understanding. A token is a unit of exchange associated with a blockchain project. It can have many other functions associated with it other than a simple exchange. A coin is a token with limited functionality, generally limited to a simple payment unit.

I'm starting to plan my Crypto Coin Tree speculation club

Send me a PM if you would be interested in taking part in the initial planning.
jseverson
Hero Member
*****
Offline Offline

Activity: 798
Merit: 646


View Profile
July 02, 2018, 08:45:29 AM
 #4

As @erominer stated, tokens could also be considered altcoins. What you may be asking is the difference of a cryptocurrency coin from a token.

Tokens typically run on an actual coin's blockchain and are intended for very specific uses, decided by their issuer. Think about the old days when you had to buy tokens to play at an arcade. You can only really use them in that arcade even if they technically have value. That's basically how cryptocurrency tokens work.

Coins, on the other hand, have a blockchain of their own, and generally act as actual currencies that can be used to buy goods/services anywhere.

Edit: Jet Cash beat me to it, but that's my explanation anyway.

loicuagio1979
Member
**
Offline Offline

Activity: 280
Merit: 13


View Profile
July 02, 2018, 09:40:48 AM
 #5

As @erominer stated, tokens could also be considered altcoins. What you may be asking is the difference of a cryptocurrency coin from a token.

Tokens typically run on an actual coin's blockchain and are intended for very specific uses, decided by their issuer. Think about the old days when you had to buy tokens to play at an arcade. You can only really use them in that arcade even if they technically have value. That's basically how cryptocurrency tokens work.

Coins, on the other hand, have a blockchain of their own, and generally act as actual currencies that can be used to buy goods/services anywhere.

Edit: Jet Cash beat me to it, but that's my explanation anyway.

I totally agree with your explanation. Moreover, there are 3 types of token:
1. Security token: it's also called digital token which represents a product or physical asset
2. Utility token: it supports token holders to access services which are provided by the issuer
3. Equity token: it's also called tokenized securities and it's similar to stock in Joint-Stock Company

Token is understood as parasite/sponger in a certain blockchain of the coin because it doesn't have it own blockchain, for example: EOS, CS, BITX, HAV etc...is Ethereum based; TKY, QLC, DBC etc... is NEO based and so on
baobao2000
Member
**
Offline Offline

Activity: 322
Merit: 14


View Profile
July 02, 2018, 11:23:11 AM
 #6

What I understand is that altcoins have their own wallet and tokens don’t have. There a lot of Erc20 token and you can use myether to transfer the token. The coins usually have their own blockchain and you can use blockchain explorer check them. Token function is very sample and you can use web exchange to store them.

DarkPayCoin - [100% community governed and built]
[-] Website  [-] ANN Thread  [-] Discord  [-] Twitter  [-] Telegram
\ HIGH ROI, Low supply / - \ A privacy focused MN/PoS coin /
Alluro
Member
**
Offline Offline

Activity: 392
Merit: 17


View Profile
July 02, 2018, 12:01:58 PM
 #7

I do not have much idea about cryptocurrency, I am absolutely new in this crypto world, I want to know about  'What is the difference between a Altcoin and a Token?'
Altcoins
Altcoins means alternative coins to bitcoin. They have own blockchain.

Tokens
Tokens are like the digital assets and they are based with another blockchain. Most tokens are create for the ICO projects.

Emilstud
Newbie
*
Offline Offline

Activity: 19
Merit: 9


View Profile
July 02, 2018, 12:05:08 PM
 #8

Altcoins have their own chain (Litecoin, Dogecoin)
Tokens are hosted on another chain like the Ethereum or EOS Chain (BRD Token, TenX Token)
Iksia
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile WWW
July 02, 2018, 12:49:34 PM
 #9

Token -этo eдиницa yчeтa цифpoвoгo бaлaнca в нeкoтopoм aктивe. Oн имeeт дo 20 фyнкций - мoжeт быть цeннoй бyмaгoй, плaтeжнoй cиcтeмoй,дaвaть пpaвo гoлoca,, мoжeт быть кaк внyтpeннeй вaлютoй тaк и cpeдcтвoм yчeтa инфopмaции.  Altcoin - этo aльтepнaтивнaя Биткoинy кpиптoвaлютa, т.e вce кpиптoвaлюты кpoмe caмoгo Биткoинa
mjglqw
Sr. Member
****
Offline Offline

Activity: 756
Merit: 429


⭐Coinsources.io | All-in-one Crypto Sources


View Profile WWW
July 02, 2018, 01:10:06 PM
 #10

Your question has been answered, but I'd just like to add:

If you have a question(like the question in this topic), make it a habit of doing a quick Google search first, before asking. Go ask here or on other forums just if you couldn't find an answer to your question. This question of yours can easily be answered by a single Google search:

https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/
https://www.blockchain-council.org/blockchain/coins-tokens-altcoins-whats-the-difference/

BUDHAR
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
July 02, 2018, 01:33:01 PM
 #11

Token is an altcoin. Altcoins are cryptocurrencies that are different from bitcoin. Therefore, tokens and coins are altcoins.
yuzefa
Newbie
*
Offline Offline

Activity: 79
Merit: 0


View Profile
July 02, 2018, 01:44:46 PM
 #12

Token is already an altcoin.
But an altcoin could be a token or not.
If not, it has his own blockchain.
artistus84
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
July 09, 2018, 10:47:22 AM
 #13

As far as I know, the altcoin has its own blockchain network and the token does not have and is linked to a network such as Waves (WAVES) or Ethereum (ETH), etc.
iRespo
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
July 09, 2018, 05:16:06 PM
 #14

Here is a good read: https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!