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Author Topic: Different between Token and Coin ?  (Read 472 times)
C0ld_Zero
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July 21, 2018, 01:57:44 PM
 #21

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  Grin
AS i know Token is no value, this is product of project, At ICO time the coin calling Token. When it can list on the market we calling it is altcoin
emmaong12
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July 21, 2018, 01:59:43 PM
 #22

A token has a use on the platform, kind of like a gift voucher. BOth are coins really though as 99% of people are treating them solely as an investment.
fiderr95
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July 21, 2018, 02:15:32 PM
 #23

The main difference between altcoins and tokens is in their structure. Token are based and built on other blockchain while coin would surely built on its own blockchain and have its own wallet.
CryptoPairFTX
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July 21, 2018, 06:01:00 PM
 #24

They are the same thing basically. Only difference is that tokens are build on some other's blockchain system while coins are build on their own blockchain system. This is the main difference. Nothing else.
blackrain321
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July 22, 2018, 01:26:17 PM
 #25

Generally, coins have their own blockchain whereas token works with blockchain. It's a part of blockchain which controls the organs of blockchain
cryptorampage963
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July 22, 2018, 10:13:26 PM
 #26

The main difference between coin and token is that coin is a open blockchain where any person can use it for selling or buying products. On the other hand token is a method of payment such as you can buy a token with a coin but you cannot use it for selling or buying products.
citydragoon
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July 23, 2018, 01:40:00 PM
 #27

These are quite different things at all.They have different ways, aims and characteristics of creation. What is more, tokens look like points, for example.

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July 23, 2018, 01:46:10 PM
 #28

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  Grin

in my opinion there is no difference. token is a term for coins made using smartcontrac and coins are coins, all cryptocurrencies are essentially coins. Token term is popular when many ico projects start using smart contracts ERC20 ethereum.

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lusiaga
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July 23, 2018, 01:50:34 PM
 #29

I think the difference between coins and tokens is that the coin already has its own platform, i take as an example, ethereum coins. While tokens do not have their own platform / still ride on the platform of others, here I take the example, such as new ICOs that almost everything is token.
pamsugas
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July 23, 2018, 01:56:51 PM
 #30

token just ride blockchain
like many ico now only eth platform have no own blockchain
whereas the coin is having its own blockchain and having its own explorer
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July 23, 2018, 01:57:55 PM
 #31

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  Grin

Yes, you say it correctly, there is bitcoin and altcoins. Altcoins are very large number. As for tokens and coins. To a large extent, this is the same, but the tokens are considered coins that are sold at the ICO or PreIco stage, and the coins are already called when they are traded on the exchange.
Tokens can be called tokens that pay investors when they invest their money.

UZIzzzz
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July 23, 2018, 02:01:20 PM
 #32

I think coin refers to having its own block system, so it has complete block data.
However, token refers to ERC20 token, which is based on tokens of each blockchain.

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carcas
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July 23, 2018, 02:02:10 PM
 #33

Token has a low value rarely can be in the mine. if the coin has a high value and can usually be in the mine. making tokens more simple by using platforms such as erc, komodo, platform stellar, platform neo and others.
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July 23, 2018, 02:10:18 PM
 #34

I think Coin was developed on a blockchain platform of that coin. Unlike Token. Tokens are usually developed on the basis of ETH or NEO. I think that's the biggest difference

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July 23, 2018, 02:32:38 PM
 #35

In the crypto world tokens are kind of like Stocks of Companies, tokens can represent  any assets that are fungible and tradeable. Coins are alternative to fiat money and have its own blockchain. Tokens are generally hosted on another blockchain, like Ethereum or Waves.

BlackandRed654
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July 23, 2018, 06:18:35 PM
 #36

A cryptocurrency coin has its own blockchain system where as the token resides on top of another blockchain system as assets or utility. Token can represent any fungible and tradable asset. Tokens are distributed to ICO and have diverse utility.
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July 23, 2018, 07:30:59 PM
 #37

Coin has its own blockchain. Token is build on blockchain of other coin. And coins is just a name, not all are intended as such.
andohyeb
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July 23, 2018, 07:38:08 PM
 #38

I think tokens are derived from other blockchain like Ether, Neo, Waves or stella while these blockchains are coins. The tokens are what is called during the ICOs stage and become coins after listing on exchange.
suburban123
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July 23, 2018, 07:47:43 PM
 #39

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  Grin

The main similarity of all Coins is that each of them has its own independent blockchain, where transactions occur.
Most often, Tokens do not have their own blockchain system and are hosted on a third-party basis, for example, on Ethereum or Waves, and also do not have their own purse.
Mister1k
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July 23, 2018, 07:58:01 PM
 #40

I think tokens are derived from other blockchain like Ether, Neo, Waves or stella while these blockchains are coins. The tokens are what is called during the ICOs stage and become coins after listing on exchange.

Tokens can be operated only with the help of any blockchain and their money to make the transaction for example, ERC20 tokens can be send with the amount you have ethereum on the wallet you have. If the standalone coin it will be work with out any intervention to make the payment dude. To listed on exchanges even the tokens provider team also work for it. There are many tokens in the exchange.
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