Quote from: askmecrypto on September 25, 2018, 01:41:28 PM

Quote from: itssawai on September 25, 2018, 01:36:19 PM

The simplest answer will be, You have Ethereum platform with its own blockchain and coin named Ethereum(ETH) which can be mined, and you have various ERC20 tokens, which are built on Ethereum platform, uses Ethereum blockchain and wallet for transactions. A coin is basically built on its own blockchain, with its own wallet, whereas token is built on another platform like Ethereum, Waves, EOS etc. A token will use the platform's blockchain and their wallet address to facilitate transactions.

Very well answered. But the point of "its own wallet" is not necessarily true.
Even a token can make a coin wallet as it would be considered as dApp on the coin network.

Was also confuse when ETHERUEM came in years ago. There were just coins all over the forum and give away but eth came with its own chain and developers creating tokens using their blockchain which now they call tokens. But its also true about that wallet. EIDOO is an ERC token which you an use MEW with it but it has its own wallet and its exchagne will even be release soon.