The difference between a coin and a token.

[Moaz 7239]

Thank you my friend, it is a useful post for members who have had trouble figuring out the difference between coin and token in the crypto world and I explained it in a good and simplified manner even to beginners, and I was among the people who do not distinguish between them

[kitekite24 4162]

i am newbie here in this forum. thank you for this topic that you had opened now i learn something new about the topic what is the difference between a coin and a token so i will not get confuse of what i would earn in the future. thank you again for posting this topic and it will helps also a new newbies to come.

[Pitepite 238]

Thanks for sharing, I have heard the word token and coins for so many times but I can't even compare both currencies, thanks for informing all of us, in order for us to be a good bitcoin we should know some of the important terms in the crypto world.

[Alex9876r 1408]

The currency is the one that owns its own blockchain, such as Bitcoin and Ethereum. As for the token, it may be hosted on the currency blockchain like many currencies that use the Ethereum blockchain. That is, the currency is the father and the token is the son

[Projectcrypto 4382]

This two are both Cryptocurrency and are use as a medium of exchange but the major difference I know is that coin has it own personal blockchain while token is created under another blockchain such as as ethereum etc.

[Izeal 4404]

Previously I used to think that token is the first phase of any cryptocurrency but from your useful information I got all the knowledge about the token and coin. Thank you so much for sharing information and always share this type of information daily and help the newbies like me.

[Ashsh 1446]

I am now familiar with cryptocurrencies and tokens

We are now receiving codes for our publications, so it occurred to me what is the difference between the symbol and the currency, and I reached your topic that explained the difference to me

[bhaiegoo 1517]

Nice brother that information is helpful for me as I am new here. Yes it is two type of currency on cryptotalk. 

IN this forum token is converted into coins which have their own blockchain. 

[Dark_Sky 8489]

On 1/27/2020 at 12:15 AM, Ummita said:

That's really thoughtful of you to share such the difference between coins and token. We use coins in buying and selling of various things where we can't use token in the same sense.

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. 

[Mwangi 5611]

Now I get it, its something proper for me to get  what tokens are, am sure I know about crypto currency and it has been a while for me to really keep on trying to understand what am talking about and in the end I enjoyed a lot what I have seen 

[Dorjoy12 8962]

Nice information YOU have Shared about token and coin.. But now a days mostly token is fake.. So we all should prefer coin as it stabled much than token.. Coin get support every place like exchange site, but token not like so...its true that coin get control by blockchain but token not.. But coin is important than token                    

[peter55 459]

Yes, it is very wonderful information for me and all beginners.  In my opinion, knowing whether the currency is counterfeit or not and knowing the currency's price changes is more important than knowing the type of currency, but it is a good thing to differentiate between types of currencies.

[Yomose 3704]

On 8/20/2020 at 4:35 PM, saraanna396 said:

Coin is a digital currency that has its own blockchain and works without the need to enter any platform to control it, and token is a digital currency that does not have a blockchain of its own and is usually built on an existing blockchain such as the Ethereum blockchain.

But, point of correction, both coins and token can be referred to as cryptocurrencies. Check your comment for correction. 

Token is built on a coin blockchain, but coin has their own blockchain. Which mean token depends of coin while coin does not depend on token. 

 

[kryptonick 2659]

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

we have ERC-20 tokens that uses Ethereum Platform such as EXMR, BTCRED

The rest of the post is as you said but these ERC-20 tokens are unknown to me you could have talked instead about all the tokens that started in ethereum and migrated to their blockchains once they were ready as Tron, Binance, Eos, Vechain and the ones that are still there and are very popular as LINK.

[Maaz sultan 265]

Great topic bro before reading this topic i don't know about the different between coins and tokens before i think that coins and tokens are same . 

[Guru2050 8284]

The differences is vividly clear with the so many good explanation by fellow members in the forum. In addition you need to understand that both coin and token are digital resourceful assets. But coin has it all, as it has it own block chain while a token requires a platform to perform it function.

[Mella 3680]

I had no idea thank you for informing as I am always think that it was token and coin the same but from read this post it is very different. Now I am understand from this that coins are perhaps better from token because they have their blockchain and tokens are not but use the coins blockchain so from this I am think that coins must be priced better than tokens and I will look for coins for investments.

[yonkii 3205]

Really thank you for explaining as I thought it was the same. So coins have their blockchain and the tokens are other crypto that run inside blockchains. But I hear of other coins too as the stable coins are these also have a blockchain too or are they tokens and if they don't run on their own blockchain why are they called coins and not stable tokens?

[Shaheer16 908]

The difference between coins and token is that, tokens are new release coins which has no value yet in the market once it gets value it is known as coin. 

 Or the coin has its own blockchain called main net. While token don't have thair own blockchain or main net. Ethereum network is used as a host. While coins run on thier own without any backup

 

[Buy me coffee 251]

6 minutes ago, Madhuri roy said:

token refers to something that has been created under advanced types of coins.

 

Yes and it is, for example ERC20 tokens are tokens in the Ethereum network. and they are live in the blockchain. And you can receive and send tokens just like you are sending or receiving Ethereum.

[Sugibengi 390]

On 1/26/2020 at 8:42 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.

In short, coins are cryptocurrencies that have their own blockchain network, already have value and are listed on Coinmarketcap. Whereas tokens are a type of coin that uses other blockchain networks like Ethereum, some already have value, some have no value and are not listed on Coinmarketcap.

[TimopheyKa 3900]

Both types of such systems have one thing in common – the presence of their own blockchain . Yes, in the second case, the main part of it was borrowed from other projects, but it was modified and modified for the functioning of the new currency. In other words, a blockchain is required to create a coin.

Tokens, unlike coins, are created much easier. They don't need to create a new blockchain or change an existing one. There are different platforms for creating tokens, such as Ethereum or Waves. As a result, it turns out that the creation of tokens is limited to choosing the platform and following the instructions of the developers.

Plus, tokens are almost always created on a special database. They do not have a separate wallet and blockchain, and the platforms make a special standard for this. This allows you to unify the parameters of new tokens to simplify the process of creating and using them. So, Ethereum has the ERC-20 format. It allows you to establish interaction between the system and tokens, store them in one place and on one wallet. For example, you can store any ERC-20 tokens in MyEtherWallet.

[Flying11Horse 45]

Thanks @Mandoy01, I also used to mix up these terms  and consider them one  because of lack of knowledge.Your topic corrected me .Now i will read different articles regarding their difference to get more information about it.

[Digital 387]

1 hour ago, Flying11Horse said:

Thanks @Mandoy01, I also used to mix up these terms  and consider them one  because of lack of knowledge.Your topic corrected me .Now i will read different articles regarding their difference to get more information about it.

There is a huge difference between token and a coin but people oftenly used either of them interchangeable some refer a coin as token and other refer token as coin but every coin is a native to it blockchain but token is created in an existing Blockchain for example ERC 20 token was created from ethereum blockchain .

[Zafarwaheed 0]

Thanks for sharing this kinfmd of beneficial information with us. Talk are just like the coins . There is no much different between them . Like on the yobit Yoda is a token and yo is a coin at that platform. I am slowly improving my knowledge about this.thanks for this topic.