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-   -   Difference between coins and tokens? (https://www.aspkin.com/forums/cryptocurrency/119713-difference-between-coins-tokens.html)

cryptoc 08-27-2018 05:19 AM

Difference between coins and tokens?
 
Are coins and token different from each other or just another name for coins?

fredy 08-27-2018 05:26 AM

Re: Difference between coins and tokens?
 
Quote:

Originally Posted by cryptoc (Post 939799)
Are coins and token different from each other or just another name for coins?

check this out https://medium.com/@bonpay/what-is-t...s-6cedff311c31

brecalynch 08-28-2018 01:02 AM

Re: Difference between coins and tokens?
 
Both coin and token usually used as synonyms and consider similar, But they are entirely different from each other.

Coins and tokens  are two different kinds of units created using cryptography named cryptocurrency.

Coins -
Coins which are also known as altcoins, or alternative cryptocurrency coins are digital money, created using encryption techniques which store value, and it is digitally equivalent of money.

Token -
Tokens are digital assets, issued by the project, which can use as a method for payment inside projects ecosystem, similar functions with coins, but the main difference is that it also gives the holder a right to participate in the network.

tablain 09-01-2018 08:58 AM

Re: Difference between coins and tokens?
 
Am i write here:
Coins have mainet.
While Tokens use some other blockchain like Etherum..

slokor 09-01-2018 03:02 PM

Re: Difference between coins and tokens?
 
Id compare tokens to shares in a company. Makes sense since theyre gained by participating in an ICO.

@NasterXchange 09-04-2018 11:12 AM

Re: Difference between coins and tokens?
 
Quote:

Originally Posted by brecalynch (Post 939968)
Both coin and token usually used as synonyms and consider similar, But they are entirely different from each other.

Coins and tokens  are two different kinds of units created using cryptography named cryptocurrency.

Coins -
Coins which are also known as altcoins, or alternative cryptocurrency coins are digital money, created using encryption techniques which store value, and it is digitally equivalent of money.

Token -
Tokens are digital assets, issued by the project, which can use as a method for payment inside projects ecosystem, similar functions with coins, but the main difference is that it also gives the holder a right to participate in the network.

very well explained. Thanks!
I would also add that a token is a kind of coin with larger functionality. They may deliver more values to investors or any stakeholders. For example, Token might be used to hold votes by community on business-driving or technical decisions.
Also it's important to note that Coins (or Altcoins) are in majority alternative to Bitcoin and operate mainly under the BlockChain (except few ones like Ethereum, Ripple, Next, Omni).
Tokens in opposite require another platform such as Ethereum or Omni to operate and are created over ain ICO (Initial Coin Offering). As Investor of a Project, you can acquire prior to the launch tokens in exchange for cryptocurrency.

din38 10-09-2018 07:26 AM

Re: Difference between coins and tokens?
 
Coins are digital money that uses their own blockchains. Tokens, on the contrary, are digital assets that use already existing platforms. The coins serves like bases for tokens, but the functionality of tokens are wider. They can be used as a share of company possession or as a real estate item. Tokens also give the owner different practical functions, like a voting right.


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