Bitcoin Forum
November 13, 2024, 03:54:37 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Token? vs Coin?  (Read 280 times)
asriloni
Legendary
*
Offline Offline

Activity: 3192
Merit: 1033


Leading Crypto Sports Betting & Casino Platform


View Profile
January 03, 2020, 11:47:21 AM
 #21

bispex token BPX itself is built under the ethereum smart contract network ,various smart contract blockchain platforms like ethereum there are many mate you can explore including eos neo waves and others ,the difference between tokens and coin is quite clearly explained by friends community above
That's why the developer if the bispex called it as a token caused by bitspex is building on under ethereum platform as the main blockchain.
I think it's very easy to understand and some people above me have already provided the meaning of the coin and what's the differences of coin with token.
Token is an asset which can be considered as security at the same time as it doesn't have utility. It's really simple how to understand the definition of the token or asset.
coin is far better than asset but it backs again on the usability.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
puremage111
Hero Member
*****
Offline Offline

Activity: 1568
Merit: 511


View Profile WWW
January 03, 2020, 11:49:10 AM
 #22

Somehow it is more off a gimick than other thing imo

Perhaps one could think that "coin" are more official and its something like fiat
"Token" are more digital and it doesn't have the same elements like "coin"

Anyhow it really doesn't matter, it is just more off what does people prefer
tazmantasik
Hero Member
*****
Offline Offline

Activity: 1113
Merit: 507


Don't Get Involved


View Profile
January 03, 2020, 12:59:40 PM
 #23

There are differences in peoples perspective towards coin and token but in real crypto use, they are the same.
Initially, mined digital values on blockchain were called coins. And anything working on the blockchain of another coin were called tokens.
But now this definition won't fulfill as many of previous tokens have turned into a coin, a hybrid or a coin changed to token.

Agree with what you say. Basically, coins and tokens are the same thing in crypto, which certainly distinguishes the two is the network. If coins usually have their own blockchain network, it is different from tokens that still depend on ethereum blockchain, for example. But I don't mind this, as long as the token or coin is good for me. Then I will still have.



████▄██████████▄
███▄████████████
▄███▀
████
████
████
▀███▄
███▀████████████
████▀██████████▀


▄██████████▄
████████████
███████████▀███▄
████████████████
████████████████
████████████████
▀███▄███████████
████████████████
████▀██████████▀


▄██▄█████████▄██▄
▀████▄█████▄████▀
▀████▄▄████▀
███████████
▄███▀█████▀███▄
█████████████████
█████████████████
█████████████████
▀███████████████▀


▄███████████████▄
█████████████████
████▀███▀██████▀
███████▄█████▀
████▄▄██████████▄
▀▀██████▀███████
▄██████▄███▄████
█████▀██████████
▀██▀███▀████████▀


████▄███████████
████████████████
▄███▀███████████
███████████████
██████████████
████████████████
███████████▄███▀
████████████
▀██████████▀
████████
██
██
██
██
██
██
██
██




██
██
██
██
██

██
██
██
████████
|
.
Listed
on
BINANCE
KUCOIN
Gate.io
|
Polar91
Hero Member
*****
Offline Offline

Activity: 1120
Merit: 553

Filipino Translator 🇵🇭


View Profile WWW
January 03, 2020, 01:14:00 PM
 #24

There are differences in peoples perspective towards coin and token but in real crypto use, they are the same.
Initially, mined digital values on blockchain were called coins. And anything working on the blockchain of another coin were called tokens.
But now this definition won't fulfill as many of previous tokens have turned into a coin, a hybrid or a coin changed to token.

Some great example of this are the ERC-20 tokens from the smartcontract by ethereum created by Vitalik. With this, they are using the same cryptographic scheme and blockchain to support easier transaction and exchange of the tokens. In terms of coins, these are the cryptocurrencies that we mainly see independent of the blockchain of another cryptocurrency such as bitcoin, EOS, and many other more that build up the development of the entire cryptocurrency space.
btcdie
Sr. Member
****
Offline Offline

Activity: 784
Merit: 251



View Profile
January 03, 2020, 01:19:13 PM
 #25

Okay, the difference is if the coin has its own blockchain or can be called by building its own mainnet, and on some of these coin platforms you can build tokens, like ETH with ERC20 or TRON with TRC10 / TRC20, and many more. Tokens are generally made as adoptions such as a platform for buying and selling goods, exchange tokens, and many more. If the coins themselves focus more on technology and solutions / innovations, such as privacy coins on Monero, or transfer speeds on NANO coins. but it can be concluded easily, i.e. other than Bitcoin can be said as Altcoin (both Tokens / coins).

JACS|JUST ANOTHER
COMMUNICATIONS
STACK
██     ██████████████████████████████████████████████████████████
.
.
██████████████████████████████████████████████████████████     ██
████████████ █▄
████████████ ███▄
████████████ █████▄
████████████▄▄▄▄▄▄▄
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
████▄▄▄▄▄▄▄▄▄▄▄████
███████████████████
███████████████████
███████████████████
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████████████▀▀███████
█████████████▀▀▀    ███████
████████▀▀▀   ▄▀   ████████
█████▄     ▄█▀     ████████
████████▄ █▀      █████████
█████████▌▐       █████████
██████████ ▄██▄  ██████████
████████████████▄██████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████ ██ ████████████
███████▀▀▀▀ ▀▀ ▀▀██████████
████████▄   ▄▄▄▄  ▀████████
█████████   ████   ████████
█████████         ▀████████
█████████   ████    ███████
████████▀   ▀▀▀▀   ▄███████
███████▄▄▄▄ ▄▄ ▄▄▄█████████
███████████ ██ ████████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████████████████████
█████▄    ███████▀    ▄████
███████    █████▀    ██████
███████     ███▀     ██████
███████ █    █▀ █    ██████
███████ ██     ██    ██████
███████ ███   ███    ██████
█████▀   ▀██ ███▀    ▀█████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████████████████████
█████▀               ▀█████
████▌                 ▐████
████       ██▄▄        ████
████       ██████      ████
████       ██▀▀        ████
████▌                 ▐████
█████▄               ▄█████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
OasisDre
Member
**
Offline Offline

Activity: 532
Merit: 41


View Profile
January 03, 2020, 01:21:56 PM
 #26

Tokens are not reliable because scammers use them the most, coins are better because they are more demanding to build, tokens are mostly erc20 from ETH blockchain, I think coins are more reliable, too many shitcoins of crypto space are tokens

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬   DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Casdinyard
Hero Member
*****
Offline Offline

Activity: 2184
Merit: 891


Leading Crypto Sports Betting and Casino Platform


View Profile
January 03, 2020, 01:25:49 PM
 #27

But among several projects, BPX Token caught my attention because it is the only one with "Token"
What you should be looking is a token that have decent value thus an active trading even though this is just an airdrop. Though that's very rare now.

Quote
So what does it mean by "Token?" Other coins do not have that term though...
Let's put it simple,

coin - has its own blockchain
token - using the other blockchain eg. ethereum smart contract and many altcoins are ethereum based token.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
shoreno
Full Member
***
Offline Offline

Activity: 1750
Merit: 118


View Profile
January 03, 2020, 01:28:28 PM
 #28

Tokens are not reliable because scammers use them the most, coins are better because they are more demanding to build, tokens are mostly erc20 from ETH blockchain, I think coins are more reliable, too many shitcoins of crypto space are tokens

tokens is also a kind of coin   .  tokens are more indemand than a normal crypto coin because they are easier to be made and less costy  .

indemand also because scamers uses them aside from those who uses it as pump and dump type of business   . normal crypto coins are reliable because they are more stable and less risky   . the winner would be coin for me   .  
Palider
Hero Member
*****
Offline Offline

Activity: 1273
Merit: 507


View Profile
January 03, 2020, 01:29:09 PM
 #29

These days, i am looking at Digifinex which does a lot of airdrop promotion.

But among several projects, BPX Token caught my attention because it is the only one with "Token"

So what does it mean by "Token?" Other coins do not have that term though...
Token Meaning - token is created in smartcontract like erhereum and waves platform.  And also tokens don't have it's own blockchain.  
That's why this is called token,  and also coins have blockchain so that this is called coins.

And also like others says token is the easiest ways for scammers to create fake ico project. Because this is easy to create and scammers don't need enough money to run this illegal activities.
sehoon
Full Member
***
Offline Offline

Activity: 840
Merit: 101



View Profile
January 03, 2020, 01:32:06 PM
 #30

In definition, coins are cryptocurrencies that have their own blockchain and having their own materials in order to exist in the crypto space. Meanwhile tokens are cryptocurrencies that used other blockchains and don't have their own materials like wallet and hash.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!