Difference in Coins and Tokens

[ulum5]

Friends - My friends are still confused about the difference between Coins with Tokens, and what are the advantages of tokens versus coins, because now there are so many tokens that release every day, those who are experienced please share their opinions because maybe not just me who is still confused, outside there may still be some who are still confused

[kiemnhieutien]

In basic explain, Coin has its own Blockchain, Token is built on coin Blockchain. Bitcoin, Ethereum, NEO, EOS, Stellar... are coins. Binance Coin, for example, is token based on Ethereum blockchain. Zeepin is token based on Neo blockchain.

[ethanharris685]

Supposedly tokens are utility tokens that can be used on a platform, kind of like a gift card. Nearly everyone is speculating on them at the moment though so they're an asset really.

[IVEXO]

I think it’s literally the same virtually

Only different on how you want to term it ,
Sometimes tokens are coins from a particular project

But on normal sense all are called tokens
Hope you understand

[levyashin]

If it has own blockchain it means it is a coin if not it is a token.

Simple as it. But no-one would kill you if you say token to a coin or vice versa.

[jackpot888]

Actually coins and token are same and there are no functional differences between these two. Token are operated on the block chain of the coins as it does not have own block chain where coins are operated on their own block chain.

[SparklesCoin]

There is no huge difference in the coin and token. Coin has its own blockchain system where as token does not have such system and they operate on the block chain of others that means to coin’s blockchain. All the things are same except this.

[andieoke]

In basic explain, Coin has its own Blockchain, Token is built on coin Blockchain. Bitcoin, Ethereum, NEO, EOS, Stellar... are coins. Binance Coin, for example, is token based on Ethereum blockchain. Zeepin is token based on Neo blockchain.

Almost a year I know Bitcoin and Cryptocurrency, no one has ever explained between coins and tokens, even I think they are the same. And from your little explanation, then I now understand the difference between Coins and Tokens. thank you, my knowledge about crypto increases from your answer.

[MoneyGuardian]

Coins have their own blochain, that is they are run on their own blockchain system but tokens on the other hand do not have that. They run on the coin's blockchain.

[ashmodeus]

Friends - My friends are still confused about the difference between Coins with Tokens, and what are the advantages of tokens versus coins, because now there are so many tokens that release every day, those who are experienced please share their opinions because maybe not just me who is still confused, outside there may still be some who are still confused

well
simple explain based on my mind.
Coins is cryptocurrency have a own blockchain, and most of them , can be mineable
and the token is a cryptocurrency based on blockchain some coin.
u can see token or coin on data from coinmarketcap.

[Faemon]

Both coins and tokens are related with each other. Coins can use as money that we all use in real life and a particular utility is simply represent by tokens.

[aebere40@gmail.com]

In terms of use both are the same but different in terms of structure. A token can only become a coin when it has it's own block chain .

[Horraygram]

There is a large difference between coins and tokens. Bitcoin, ripple, ETH, bitcoin cash, bitcoin diamond are coins. These coins have their own separate blockchains. And tokens are like binance which doesn’t have a separate Blockchain.

[bluesmoke]

A coin lives in its own net which we called main net, but a token lives in smart contract like Ethereum. Developing a token is much easier.

[asyakashi]

tokens will be easily lost and destroyed because the strength of their community determines prices. their network is formed by communities that are token holders.
coins have their own network and they are more trusted like eth eos and waves.

[DinaPalamarchuk]

I think that the token is a unit of value issued by a private organization in the block system. Almost all tokens are generated on the Blockchain protocol from Ethereum, which is considered more advanced than Blockchain from Bitcoin. The financial price of the tokens is determined by their current market value, which in turn depends on the degree of user confidence in the project: usually startups going to the ICO at this stage are not provided with anything other than a business idea.

[ttking]

I think that the main difference is that coins like btc has much more profits compared to other coins and tokens. if you want to get real income, then you should get coins like btc and ether now

[boy130]

The main difference is that many coins have already reached their soft cap and many of them have already hit the market which makes them more accessible, while token may not have necessarily have reached neither of those levels but still  holds the potential.

[Nidhi Bhatia]

Very simple... if there is a own blockchain , its definitely a coin. On the other hand, token don't have there own blockchain, if any token wants to convert into a coin in that case token will have to create their own blockchain.

[bjmpoker001]

Friends - My friends are still confused about the difference between Coins with Tokens, and what are the advantages of tokens versus coins, because now there are so many tokens that release every day, those who are experienced please share their opinions because maybe not just me who is still confused, outside there may still be some who are still confused

Well, basically token is running on the blockchain network, for example erc20 token is running on the ETH network.
But a coin, has an independent network aside from other blockchain network. for example XRP coin has their own XRP blockchain.