Post
Topic
Board Altcoin Discussion
Re: What is the difference between token and Coin?
by
sergei1703
on 20/08/2018, 16:57:42 UTC
I actually want to know difference between token and Coin.

Thank you.

The main difference between coins and tokens is in the structure, coin is a currency that uses its own blockchain platform, while tokens operate using other blockchains that can facilitate smart contracts.
The main difference is that the coin has its own blockchain (like Waves) and token is based on an existing blockchain (like OmiseGo). Also there are different token types (erc20, erc777 etc).