The difference between a coin and a token.

[chugunec 1]

 

Да, это верно, но есть два типа криптовалюты, токен также имеет место в криптовалюте, но требуется время, чтобы перейти от токена к монетам, поэтому существует только один тип криптовалюты

[NERON2020 152]

спасибо понятно относительно токенов и криптовалют еще разницу при торговле активами и можно ли переводить в фиат токены?

[koynayak 1923]

you cant buy somethink with token but you can but sth with coin

[Gans95 19]

I personally did not know the difference between symbols and currencies, but through your post it became more or less clear to me. gaining experience.

[buildupks 38]

excellent information, generally token is used to donate to a cryptocurrency.

Edited October 3, 2020 by buildupks

[Gans95 19]

I think the difference between a coin and a token has been eliminated, but how difficult it is to create a blockchain, I just want to know the fees for this creation.

[Hazem Elmallah 10]

I really knew the difference between a cryptocurrency and a token

[VH555 23]

I am also a new leaner in this sphere.

[Ahmed Abdelfatah 8]

Hi, How can I withdraw my profits after investing ?

[tedd556 16]

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.

Thanks to this I can understand a lot better now, I mean I knew that tokens were different from coins but I didn't have very clear the "theory behind it" so this was really helpful. Concepts about Blockchains and technology are always a bit confusing to me

[wiliamblacke 157]

The crypto currency has its own blockchain in which all transaction operations are carried out, while the token is a derivative of the cryptocurrency that needs it to exist and live in the same system.
 

[vijaypahilwan 36]

There In No Difference In Coin Or Token . Only Name Difference. If You Wanna Earn Free Coin/Token Visit Yobit Official Site.

[galina2017 73]

I did not attach much importance to this. There is a distribution of FreyCoins on the exchange  https://yobit.net/?bonus=XRniI - this means the distribution of coins. And when the coins gain value, they turn into a coin. Sometimes this does not happen and coins lose their attractiveness to the investor.So?

[gabbiano 38]

so at last , the difference is that Coin can live without Token, but Token cannot live without Coin.

 

is it correct?

[Ahmed abdallah13 24]

Coin has it's own Blockchain but token is a coin on other coins Blockchain , most coins are successful but most tokens fail

[pxZ 42]

tokens have litterly 0 usecase then it means? and the coin basicly runs the system?

[pandasatoshi 24]

Firstly tokens appear and when they are traded and used the become coins

[VinnyJ 15]

This is a good way for begginers to comprehend what the difference between a coin and token is. But i suggest taking some time in researching more into the difference between them as they have different uses.

[pearl661 9]

On 1/26/2020 at 10:42 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.

Thank you very much, excellent post, it is interesting to read all these publications 
as we can learn from them. thanks.

[funken 3]

Thanks for the information every day you learn something new

[basel23 1722]

It is a good idea to explain the difference between cryptocurrencies and tokens for beginners because most beginners do not know the difference between them.
Most of the members here use cryptocurrencies in trading and do not know the difference between currencies and tokens

[sunnynguyen 98]

The post is useful. I think it doesn't matter because the wallet is already defaulted

[jorget5 26]

I have understood a little more about them, I did not understand very well but now I am clarifying my doubts more, I know what they refer to when talking about the file. very good clarification.

 

[Clargee 35]

Coin has its own blockchain, while token doesn't. Coins are used for payment while token have various uses which include payment. Token represent  more stable relative to crypt I currencies.

[kengman 34]

It's easy to generate a token, but to make its valuable, can be difficult. Beside building strong community need developing mainnet function for can convert token to coin with their own blockhain.