Difference between cryptocurrency and token. Very interesting. - Tutorials - CryptoTalk.Org Jump to content
LUISAHG.

Difference between cryptocurrency and token. Very interesting.

Recommended Posts

Cryptocurrency.
As we have already explained above, a cryptocurrency is basically a cryptographic means of payment that can be exchanged for goods and services. Virtual money has been designed to operate practically like fiat money and has an intrinsic value in itself, so that it can capitalize on the markets and be used in businesses. In addition, it is the community and its support as well as the trust of users in the network that give it its value (together with the law of supply and demand).
Token.
Now, token is a broader concept than cryptocurrency. The term comes from the English "token" and its meaning varies according to the context where we frame it, so that token does not describe the same reality for a programmer as for an investor. Thus the patio, the main difference is that tokens are units of value that can represent hundreds of properties in the real world, not only a currency, but also actions, contracts, assets, rights, etc. Therefore, its value and uses are not restricted to monetary processes.
Like cryptocurrencies, tokens have been created by private entities. However, its main objective is to facilitate transactions and operations within its platform (such as Ethereum Gas) and not to be used solely as money. In this way, they can act as a bargaining chip to obtain financing and distribute the assets among investors and users of their network. However, as a general rule, tokens remain within their ecosystem, from which they cannot leave, while cryptocurrencies capitalize on the markets and can be used as means of payment...

  • Useful or interesting 1
  • +1 2
  • +2 1
  • +3 3
  • +5 3

Share this post


Link to post
Share on other sites

Interesting topic Dear friend @LUISAHG. yes is very important to have the knowledge about things like what you have introduced on your topic. While a cryptocurrency users its own platform and operates independently, a token is not the same because it is dependent on about the other pre-existing Blockchain. Not all cryptos are tokens, but however all token are cryptos.

  • Useful or interesting 1
  • +1 1
  • +3 1

 

468x60.gif.2f5be3d8fc5caf83e400a2cd4d4ca105.gif

Share this post


Link to post
Share on other sites

Please can you do your research before creating a topic. This is quite misleading if you won't be offended. You meant to say difference between coin and a token instead? A coin and a token fall under the general name - cryptocurrency. A coin possess its own blockchain network while a token is built on a blockchain of the other.

  • Useful or interesting 1
  • +1 1
  • +2 2

My Altcointalks username —° Raqeebzy

 

Share this post


Link to post
Share on other sites
On 10/30/2020 at 2:10 AM, LUISAHG. said:

Now, token is a broader concept than cryptocurrency. The term comes from the English "token" and its meaning varies according to the context where we frame it, so that token does not describe the same reality for a programmer as for an investor. Thus the patio, the main difference is that tokens are units of value that can represent hundreds of properties in the real world, not only a currency, but also actions, contracts, assets, rights, etc. Therefore, its value and uses are not restricted to monetary processes.

Thanks for these insightful topic, All along I thought tokens and coins are thesame, 

Tokens have greater functionalities and usability than an ordinary cryptocurrency but on a general note, they are all cryptocurrencies 

  • +2 1

Share this post


Link to post
Share on other sites
On 11/30/2020 at 2:54 PM, tienda said:

While a cryptocurrency users its own platform and operates independently, a token is not the same because it is dependent on about the other pre-existing Blockchain.

My friend you are doing some mistake @tienda ,In cryptocurrency there are two different things a coin and a token .A coin has it's own blockchain while token uses other coin's blockchain .Examples of coin is Bitcoin ,Etherium etc and example of token is Talk token ,Minex etc .The topic creator @LUISAHG. has made a mistake and I have tagged  him and i think he will correct it .

  • +4 1

                                   

 

                                           🥰 DO GOOD AND HAVE GOOD🥰

                                                                                             NEVER DEMOLARIZE A JUNIOR MEMBER  

                                                                                                                           😎

Share this post


Link to post
Share on other sites

It`s always very necessary to definite some simple terms in every sphere and cryptocurrency as any other sphere needs some special knowledge. Ability to understand the difference between tokens and cryptocurrencies is a one of significant steps to understanding cryptocurrency world 


 

 

 

Share this post


Link to post
Share on other sites

Crypto currency and token are two different things crypto currency is a great and secure and independent account it's may be create own it but token is dependent account and it's depend on blockchain while crypto currency do not depend on blockchain

  • +3 1

Share this post


Link to post
Share on other sites
On 12/4/2020 at 7:17 AM, Raqeebzy said:

Please can you do your research before creating a topic. This is quite misleading if you won't be offended. You meant to say difference between coin and a token instead? A coin and a token fall under the general name - cryptocurrency. A coin possess its own blockchain network while a token is built on a blockchain of the other.

I'm a novice and I was thinking exactly what you say friend, "I clarify the part that I mean by quoting your comment: "cryptocurrency. A currency has its own blockchain network, while a token is built on a chain of blocks of the other ". When reading the publication of our colleague I thought that my little knowledge was wrong, how good that I read your comment, now I have many doubts.

  • +2 1

Share this post


Link to post
Share on other sites
3 hours ago, merlina54 said:

I'm a novice and I was thinking exactly what you say friend, "I clarify the part that I mean by quoting your comment: "cryptocurrency. A currency has its own blockchain network, while a token is built on a chain of blocks of the other ". When reading the publication of our colleague I thought that my little knowledge was wrong, how good that I read your comment, now I have many doubts.

Well, if you do have doubts, please reveal them so we can help one another in clearing them out as much as possible. 

Though my explanation wasn't much comprehensive, I think it was spot on with key words which outline the difference between coins and tokens (blockchain). 

  • +1 1

My Altcointalks username —° Raqeebzy

 

Share this post


Link to post
Share on other sites

This is my first  time getting any explanation  like this about coin or token because till now i know that coin or token meaning is same as both we called as crypto..  The altcoin project team just  put an name of the project with token or coin though  mostly  coin has its own blockchain  network.. 

  • +2 1

Share this post


Link to post
Share on other sites

Thanks for sharing dear friend for this interesting and amazing post. This post is very informative i gain large of information from this post. You really explain the term token and coin and difference between token and coin.

Share this post


Link to post
Share on other sites

Сryptocurrency and coin are close concepts. Both relate to the realities of the digital world, without physical expression. Both can be bought and then spent.
Nevertheless, tokens and coins are different things. But what do you prefer?

Share this post


Link to post
Share on other sites

Hi, guys! In general, cryptocurrency includes coins (they have own blockchain) and tokens (they haven't their own blockchain). Tokens are usually created for  definite project. 

Really cryptocurrency is more broad concept than token. And cryptocurrency we can use as means of payment, but tokens only serve the project.


Grand time: launchpad

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Также Аркхам и не только они, а очень много проектов не хило выстрелили именно из-за поддержки Бинанса и тут скорее всего будет тоже самое. А вот сможем ли мы попасть в тот список счастливчиков, пока что непонятно, хотя нужно дойти до минимального рубежа - 6-ой уровень.
    • Может быть и получат, а может будет совсем по другому, то есть по нынешней классике - раздавать в основном пользователям из топа рейтинга, а обычные пользователи могут оказаться за бортом, хотя актив был.
    • Да уж тем более, когда количество таких прое становится всё больше и больше и как-то нам не везёт в этом плане. Где большая часть профита в направлении заработка на дропах для обычных пользователей зависит от удачи, увы не от их активных действий 
    • Главный инвестиционный директор Bitwise Мэтью Хоуган заявил, что институциональные инвесторы, вложат в биткойн до 1 триллиона долларов через биржевые фонды (ETF), поскольку они постепенно переходят в криптовалюту. В записке, разосланной инвестиционным экспертам, Хоуган выразил обеспокоенность по поводу волатильности цен на биткойн. Поскольку актив колеблется от 60 до 70 тысяч долларов, генеральный директор считает, что лучшая стратегия — «сохранять спокойствие и смотреть в будущее».   Несмотря на краткосрочные колебания, Хоуган выделил несколько ключевых предстоящих событий. К ним относятся халвинг и потенциальное одобрение спотовых биткойн-ETF такими крупными платформами, как Morgan Stanley или Wells Fargo . Хоуган подчеркнул, что текущие процессы комплексной проверки, проводимые инвестиционными комитетами и консультантами, являются важным шагом перед совершением инвестиций в биткойны. Он упомянул, что в ожидании этих событий цена Биткойна может испытать боковое движение в ответ на незначительные изменения настроений. Тем не менее, Хоуган с оптимизмом смотрит на будущее Биткойна, ссылаясь на устойчивый бычий рынок с ростом почти на 300% за последние 15 месяцев и веские причины для дальнейшего роста.   Январское одобрение спотовых биткойн-ETF значительно открыло рынок криптовалют для профессионалов в области инвестиций. Хоуган считает, что это знаменует собой начало интереса со стороны профессионалов, управляющих триллионами долларов, и этот процесс займет годы. Он также подчеркнул приток $12 миллиардов в ETF с момента их запуска, назвав это самым успешным дебютом ETF. Тем не менее, он ожидает, что глобальные управляющие активами, выделяющие всего 1% своих портфелей в биткойны, могут привести к притоку в 1 триллион долларов, в результате чего первоначальные 12 миллиардов долларов кажутся минимальными инвестициями. Ранее в марте Хоуган предположил, что спотовые ETF Ethereum могут привлечь больше активов, если будут запущены после мая. Учитывая более осторожный прогноз относительно майского дебюта, он предположил , что декабрьский запуск может быть более выгодным. Задержка даст Уолл-стрит и традиционному финансовому сектору больше времени для понимания сложностей криптовалюты, особенно Биткойна. По оценкам Хогана, Уолл-стрит потребуется от восьми до девяти месяцев, чтобы приспособиться к биткойнам, прежде чем рассматривать новый ETF.
    • Hello, friends, I wanted to alert you all about my recent experience with an airdrop group named @Airdrop_Fam. Initially, everything seemed legitimate. They requested an advance payment for their services, which I thought was standard procedure. However, the situation took a turn for the worse when they began demanding additional funds to publish a post. When I resisted their sudden and unexpected demand, communication came to an abrupt halt; they completely ignored my messages. The person behind this scheme is the admin of the group, known as @Airdrop_FAM_Admin. At first, this individual appears cooperative and friendly, but don't be deceived – it's all a facade to extort more money from you. Please, I urge everyone to be cautious and steer clear of @Airdrop_Fam. The group is a sham, filled with no genuine participants. The admin is a charlatan through and through. Don't let yourself be their next victim! Stay safe and always do thorough research before engaging with such groups
    • Як не крути, держава всеодно захоче накласти лапу на вашу діяльність, це просто покищо питання часу!
    • Снижение комиссий и увеличение прибыли: Как Bitmore изменяет игру Высокие банковские комиссии давно являются проблемой для многих предпринимателей. В Bitmore мы стремимся к минимизации ваших расходов на финансовые операции. Убедитесь лично, воспользуйтесь услугами перевода денег между странами, или оплаты счетов.
    • Lower fees and higher profits: How Bitmore is changing the game High bank fees have long been a problem for many entrepreneurs. At Bitmore, we're committed to minimizing your financial transaction costs. See for yourself, use our cross-country money transfer or bill payment services.
    • Обмен в несколько кликов!!! О нас: Сервис на рынке появился  недавно, но наша команда с опытом в сфере обменов больше 5-ти лет, готова предоставить клиенту максимально быстрый и качественный обмен. Наши операторы консультируют клиента на всех этапах сделки. Возможны быстрые обмены с Банковских карт, QIWI, Юмани на Bitcoin, Ethereum, Tether, LiteCoin и другие криптовалюты и обратно. Так же предусмотрена работа с обменами вида Криптовалюта-Криптовалюта. Для клиентов предусмотрено: - Выгодные условия для обмена; - Реферальная программа ; - Программа лояльности для новых клиентов  Оставляйте заявки, обращайтесь в чат и совершайте обмены на выгодных условиях! На данном этапе время работы обменного сервиса с 10:00 до 22:00 по МСК. Наши контакты: eMail: https://admin@ebucks.fi  - для сотрудничества https://support@ebucks.fi   - поддержка, вопросы по обменам Telegram: https://t.me/ebuckssup (@ebuckssup) добавляйтесь только по ссылке. Возможны дубли мошенников. Чат на сайте: https://ebucks.fi/ru
    • Актуальные курсы на 29.03   🇵🇱 ВАРШАВА 🇵🇱   Покупаем Ваш Tether (USDT).   💸Доплатим Вам 0.7 за $. 🏦Выдадим наличный $, €, PLN. 🏢Центр, свой офис, личная встреча, без предоплат. ♻️Денежные переводы по всему миру! 🌍 💰Работаем с любыми объёмами.   За деталями - пишите Менеджеру 🧑‍💻👉 в телеграм  @PLsmartgroupp
×
×
  • Create New...