The difference between a coin and a token.

[Egork13 68]

Thanks to the author! Quite useful information for beginners. I remember at one time I also confused these two concepts,and naively thought that it was the same thing. Thank you again for the topic

[yato987 2811]

to be honest i was asking myself this question for a week and always forget to search about it , as a general different i got the idea now , for sure there are more explaining that we need to understand about the difference so we still need to search the net and learn more about it , especially that now we are dealing with TALK tokens so it is important to know what are they exactly

[gladiolusonwind 84]

It is good that you raised such a question. Tokens and coins are two words commonly used in the cryptocurrency space. Unfortunately, many people are starting to use them interchangeably and consider them to be related terms. However, these are two completely different things, and should be understood by anyone who wants to learn more about cryptocurrency. You can buy a token for a coin, but not vice versa, since tokens have specific uses in a project.

[lisandroef18 7]

coins are native to their own blockchain. Meanwhile, the tokens are generated on another Blockchain

[greyvor 63]

thanks for the information I always thought they were the same or it was just another way of referring to them

[Earbuzz 87]

On 1/26/2020 at 3:42 PM, Mandoy01 said:

Hi guys, this topic is made for the newbie. I remembered before I was also confused about token and coin. So I will explain it in the most simplest form I can think of. Though there are many things that can be used to differentiate but I will use the most crucial difference between them.

 

First what is a coin?

A coin in the cryptocurrency sphere refers to the digital coins or cryptocurrency that has its own blockchain for example we have bitcoin, litecoin, doge coin, ripple and many more.

 

What is a token?

A token is a form of cryptocurrency which does not have its own blockchain. It uses existing blockchain as its platform for example we have ERC-20 tokens that uses Ethereum Platform such as EXMR, BTCRED and many more. Aside from Ethereum Platform other tokens uses Waves Dex, and NEO whose tokens are called NEP-5 tokens.

 

So in short there are two kinds of cryptocurrency the coin and token. Coin are digital coins with its own blockchain while tokens uses existing blockchain platform to function.

thanks for the helpful info

[Jungle4 87]

On 26.01.2020 at 16:42, Mandoy01 said:

Hi guys, this topic is made for the newbie. I remembered before I was also confused about token and coin. So I will explain it in the most simplest form I can think of. Though there are many things that can be used to differentiate but I will use the most crucial difference between them.

 

First what is a coin?

A coin in the cryptocurrency sphere refers to the digital coins or cryptocurrency that has its own blockchain for example we have bitcoin, litecoin, doge coin, ripple and many more.

 

What is a token?

A token is a form of cryptocurrency which does not have its own blockchain. It uses existing blockchain as its platform for example we have ERC-20 tokens that uses Ethereum Platform such as EXMR, BTCRED and many more. Aside from Ethereum Platform other tokens uses Waves Dex, and NEO whose tokens are called NEP-5 tokens.

 

So in short there are two kinds of cryptocurrency the coin and token. Coin are digital coins with its own blockchain while tokens uses existing blockchain platform to function.

an ocean is a certain type of service agreement or debt obligation. The token Issuer assumes obligations to the buyer to provide the product or service. A token can serve as an electronic asset created during the activity of a legal entity or individual. When raising funds for a new company at the ICO stage, the token acts as the equivalent of a promotion.
The company itself produces the required number of coins and does not need mining. When developing a startup plan, experts calculate how many tokens are needed and issue them before the ICO. Future project participants or investors have the opportunity to invest their money in crypto-shares of this company. The system stores data on deposits made in a blockchain with a cryptographic encryption Protocol.

[Omranoura 171]

This maze and haze is what the investors fell into at the beginning of investing in Bitcoin .. At that time, articles were published explaining the meaning of cryptocurrency and the meaning of cloud storage and an electronic wallet. And only the people who dared to invest in it are the ones who made gains. So whoever sold at the first market value has achieved few gains, but whoever is patient so far has gained a lot of money

[maher salem 34]

This symbol is completely different from the coins exchanged with coins, the tokens collected are some coins or free discounts, etc. So there cannot be much difference between tokens and currencies.

[Jungle4 87]

On 26.01.2020 at 19:54, Hamden said:

Welcome with me
Just today I understood the difference between the cryptocurrency and the token
Both use the blockchain system to work, while the first contains a special key chain called the blockchain and the second uses the blockchain to work only.

You don't quite understand the essence of cryptocurrency. Cryptocurrency is a generalizing concept, a name in General. A token is a part of the cryptocurrency economy, one of its components.

[Jungle4 87]

42 minutes ago, Omranoura said:

This maze and haze is what the investors fell into at the beginning of investing in Bitcoin .. At that time, articles were published explaining the meaning of cryptocurrency and the meaning of cloud storage and an electronic wallet. And only the people who dared to invest in it are the ones who made gains. So whoever sold at the first market value has achieved few gains, but whoever is patient so far has gained a lot of money

only those who understood the new system were able to earn money, while others became entangled in the mazes of new technologies and lost everything

[Froshk 1828]

thanks for these little orientation, all along I use to think that coins and tokens had now any visible difference but now the differences are clear

[aya40 4]

Thank you good explanation.

 

join and earn free btc : r.adbtc.top

[mesmes 26]

The coin is an asset that belongs to its own Blockchain. I am thinking in particular of Bitcoin, Litecoin or Ether. Each of these coins exists on its own blockchain.

Tokens are created on existing blockchains. In fact, thanks to the creation and facilitation of smart contracts, the most widely used Blockchain token platform is Ethereum. Tokens built on the Ethereum platform are called ERC-20 tokens.

However, there are other platforms such as NEO, Waves, Lisk, and Stratis. The NEO platform tokens, for example, are known as NEP-5 tokens.

have nice day😁

[cesarladino1515 60]

It is easy to know the difference between a cryptocurrency and a token
 
The token requires a blockchain platform for it to work, it is something like a casino token that without the casino would be useless.Example of these BAt, Tether ERC-20, the cryptocurrency has its own blockchain (an independent accounting book ) example of them: Bitcoin, Ethereum, Monero, DASH among others, this is the main difference between them.

[gabbiano 38]

What is the differences from Altcoins and Ico ?

Edited October 2, 2020 by gabbiano

[detkyler 50]

main cryptocurency have own blockchain in main net. token is like cryptocurensy that on blockchain but don have main net yet they othen on etherium net

[nelix74 18]

Good afternoon. In my opinion, there is no difference between a token and a coin. For me personally, these are just different designations for cryptocurrency.

[SuperCrypto 7193]

In short, the coin is a digital currency that has its own blockchain and works without the need to enter any platform to control it, and among the most famous currencies that fall and use this method are Bitcoin, Bitcoin Cash and Ethereum.

[Dydk007 45]

On 1/26/2020 at 9:42 AM, Mandoy01 said:

Hi guys, this topic is made for the newbie. I remembered before I was also confused about token and coin. So I will explain it in the most simplest form I can think of. Though there are many things that can be used to differentiate but I will use the most crucial difference between them.

 

First what is a coin?

A coin in the cryptocurrency sphere refers to the digital coins or cryptocurrency that has its own blockchain for example we have bitcoin, litecoin, doge coin, ripple and many more.

 

What is a token?

A token is a form of cryptocurrency which does not have its own blockchain. It uses existing blockchain as its platform for example we have ERC-20 tokens that uses Ethereum Platform such as EXMR, BTCRED and many more. Aside from Ethereum Platform other tokens uses Waves Dex, and NEO whose tokens are called NEP-5 tokens.

 

So in short there are two kinds of cryptocurrency the coin and token. Coin are digital coins with its own blockchain while tokens uses existing blockchain platform to function.

interesting, I did not know that they were different, until today I thought that there was only one type of cryptocurrency, I knew tokens as currencies, now thanks to you I know that they are two different, thanks for that.

[ahmedsabry75 9]

Digital currencies are a talking system for civil currencies, as in the past, dealing in civil currencies was only hand in hand, and now you can send and receive digital currencies via the Internet without a personal interview

[Benjamin 84]

On 8/21/2020 at 4:48 PM, Dark_Sky said:

In my opinion and as far as I know some tokens have lowest value than coin and coins are more popular and good for investing than tokens. 

Well, i will just say that there are some tokens which is having a good value, like in airdrops, most of the airdrops are releasing some tokens, and many people are being interested in airdrops by having a good profit but you need to put some patience by waiting for a long time.

[danielbrage 17]

los token no pueden cambiarse en todos los exchange.

 

[ArtoriasTAW 64]

as far as I knew the tokens with coins that are created with a fixed value within an exchange platform to stimulate users. That later due to certain circumstances they can change their value and become some type of cryptocurrency.

[Atrocsius 80]

Aren't they the same? Only that I know the coin has it's own blockchain and token doesn't? Am I not right?