minhchien9abandat (OP)
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July 18, 2018, 05:36:52 AM |
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I sure that you have saw it - Token and CoinI know Crypto have two kind of: Bitcoin and Altcoin Please tell me what is different between and Token and Coin
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chienlm05
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July 18, 2018, 05:44:40 AM |
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Fantastic question! I also don't know. I think tokens are new project which at ICO time and coins are wallet...... I really don't know Please tell our
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chienmluc2
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July 18, 2018, 05:49:23 AM |
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The main difference between altcoins and tokens is in their structure. Altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications. I saw too many post about it. Let read it
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shinratensei_
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Leading Crypto Sports Betting & Casino Platform
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July 18, 2018, 05:51:22 AM |
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I sure that you have saw it - Token and CoinI know Crypto have two kind of: Bitcoin and Altcoin Please tell me what is different between and Token and Coin The coin was building on its own manufacture that called as a blockchain system, the coin has created its own community and it's not pegged to another blockchain. Token was creating on the inside of the blockchain itself and it's a part of the blockchain ecosystem and it can be called an asset that pegged on the blockchain as the mother to control the asset.
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mikyadel
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July 18, 2018, 06:16:14 AM |
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token is what's built using some other coin's blockchain . like all projects that were built on Etherum are called token.on contrary,coin should have their own blockchain. Do also your own research to be sure about the difference and don't rely on anyone's opinion.
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abake
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July 18, 2018, 06:18:37 AM |
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Cool, token are based and built on other blockchain while coin would surely built on it’s own blockchain and have it’s own wallet.
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ulum5
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July 18, 2018, 06:30:43 AM |
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I sure that you have saw it - Token and Coin I know Crypto have two kind of: Bitcoin and Altcoin Please tell me what is different between and Token and Coin
Altcoin Alternative coins / altcoin / coins are an alternative to Bitcoin. The majority of altcoin is a fork variant of Bitcoin, using the Bitcoin open source protocol with coding changes to create new coin types with different features. Examples of altcoin which are variants of Bitcoin coding are Namecoin, Peercoin, Litecoin, Dogecoin and Auroracoin.
There are also other altcoins that are not derived from the open source protocol Bitcoin. Instead, the coins were created using new blockchains and protocols. Examples for this coin include: Ethereum, Ripple, Omni, NXT, Waves and Counterparty. Altcoin this type has its own blockchain that records the transaction process of the coin.
Token Token is a representation of asset ownership, which generally uses other existing blockchain technologies. It can be said token is any form of tradable assets, for example: commodities, data, point rewards, currency, and others.
Creating tokens is much easier because we do not need to modify the coding of a protocol or create a new blockchain from scratch. All we need to do is follow the template from a blockchain - eg the Ethereum or Wave platform - which allows us to create our own tokens. This process can occur in the presence of smart contracts; computer programs that can work automatically and do not require a third party to operate it (for more details about smart contract, you can read my article about what is ethereum).
Tokens are created and distributed to the general public through Initial Coin Offering (ICO), a fundraising form by selling cryptocurrency for people to participate (for more details about ICO, you can read my article on what ICO is).
Conclusion The main difference between altcoin and token is the structure; altcoin is a currency that uses its own blockchain platform, while the token operates using another blockchain that can facilitate the smart contract.
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dakiller
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July 18, 2018, 09:00:26 AM |
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I sure that you have saw it - Token and CoinI know Crypto have two kind of: Bitcoin and Altcoin Please tell me what is different between and Token and Coin The main difference between altcoins and tokens is in their structure; altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.
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maronalex2
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July 18, 2018, 11:11:27 AM |
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These determination are too different with each other. They are depend on each other too. Coins are based on the system and tokens are used for attraction of investments, if I am not mistaken...
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hewbrowden
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July 18, 2018, 11:32:44 AM |
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I sure that you have saw it - Token and CoinI know Crypto have two kind of: Bitcoin and Altcoin Please tell me what is different between and Token and Coin Token is such a replacement of coins in the crypto world. Its main difference is that it is valid only in a specific ICO project. This is comparable to casino chips. They work as currency only on the casino, but to buy something outside the casino you need to exchange their on real money. In our case, real money is like cryptocurrency.
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Cryptuenza
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July 18, 2018, 11:38:22 AM |
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Coin has its own blockchain, and it's ussualy minable.
Token is build on blockchain of other coin or token like Etherium (the most Tokens), Waves, Neo etc.
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Abolaji11
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July 18, 2018, 11:43:51 AM |
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Coins are also know as altcoins and it simply means coins that are an alternative to Bitcoin. The majority of coins are fork of Bitcoin, built using Bitcoin’s open-sourced, original protocol with changes to its underlying codes, therefore conceiving an entirely new coin with a different set of features.Coins will have it own blockchain for example ethereum, EOS, bitcoin cash etc. While token are a representation of a particular asset or utility, that usually resides on top of another blockchain. For example erc 20 token( like polymath, equal token and a lot of them) that resides on ethereum blockchain
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tonyosa
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July 18, 2018, 11:45:26 AM |
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Coins are in most cases a separate blockchain, something independent of others while tokens are based on existing cryptos like Ethereum, NEO,Stellar and are powered by such platform
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arkaasay
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July 18, 2018, 11:51:52 AM |
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this is a good question, in fact I've often heard about tokens and coins but I do not understand the difference between the two. I hope someone can tell us here.
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StGermain
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July 20, 2018, 08:54:54 PM |
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A token is a digital good that requires the underlying chain to survive. So a coin is the opposite, it has its own chain and is independet from any other. Coins is just a name, not all are intended as such.
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JNR
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July 21, 2018, 10:24:08 AM |
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I sure that you have saw it - Token and CoinI know Crypto have two kind of: Bitcoin and Altcoin Please tell me what is different between and Token and Coin maybe the simple quote to answer your questions is a coin run in their own blockchain, but a token is didn't run in their own blockchain most of token created on ethereum blockchain now,, few in waves and others network such as eos, neo, strat etc
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sounddrum
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July 21, 2018, 10:31:12 AM |
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These are two important words in the world of crypto Most people used these two words interchangeably whereas they used them wrongly because they cannot differentiate between them. Am also here to learn because I don't know the difference.
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GoldenShark
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July 21, 2018, 11:38:01 AM |
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When other coin's blockchain is used called token which is the part of blockchain ecosystem like tether, binance coin etc. And the coins are the blockchain of its own and have their own value to trade. You can also investigate more reading some projects of tokens' whitepaper built on coins
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Beity
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July 21, 2018, 12:28:35 PM |
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The main difference is in the relation with blockchain. Coins have their own blockchain whereas tokens are derived from some blockchains that are being used for decentralized projects.
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Beimere
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July 21, 2018, 01:54:38 PM |
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thank you so much for asking this questions of the people face diffculites on sperateing them , this both is very different from each other, there main difference is on their structure and operating process, token still didn't able to achieve that much of popularity as the coin have on the market
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