There are thousands of cryptocurrencies in the market, but have you ever noticed the use of coins and token? What are their exact differences?? Bear in mind, they are both still in the same category which is Cryptocurrency. If a project powered by a token, it means it is run by a supported blockchain such as Ethereum. If it is supported by a coin, it means the project develops its own blockchain, mint its own coins, for example: Toa Coin.
Coins, also being refer as Altcoins, are alternatives to Bitcoin. Built using an open-sourced protocol with an amendment in the codes, producing a completely new coin with a unique set of features. Each of them possesses their own independent blockchain.
While tokens, they are digital assets; that are fungible and tradeable, including everything from commodities to voting rights or represent a companys share. Rather than operating on their own blockchain, tokens are hosted by another platform, such as Ethereum.
Think about it like a concert ticket. In this case, its considered a kind of real-life token which you can only use at a specific place at a certain time. You cant go to the restaurant and pay your bill with a concert ticket, as the ticket only holds value at the concert. Digital tokens are the same, as they have certain use cases only inside certain projects.
Start trading TOA COIN at:
https://crex24.com/exchange/TOA-BTC
https://wallet.crypto-bridge.org/mark /BRIDGE.TOA_BRIDGE.BTC
Check out more:
www.toacoin.com
Download TOA COIN APP Today:
Android Playstore: https://goo.gl/Fg3m72
IOS Appstore: https://goo.gl/8ZtFhC
Coins, also being refer as Altcoins, are alternatives to Bitcoin. Built using an open-sourced protocol with an amendment in the codes, producing a completely new coin with a unique set of features. Each of them possesses their own independent blockchain.
While tokens, they are digital assets; that are fungible and tradeable, including everything from commodities to voting rights or represent a companys share. Rather than operating on their own blockchain, tokens are hosted by another platform, such as Ethereum.
Think about it like a concert ticket. In this case, its considered a kind of real-life token which you can only use at a specific place at a certain time. You cant go to the restaurant and pay your bill with a concert ticket, as the ticket only holds value at the concert. Digital tokens are the same, as they have certain use cases only inside certain projects.
Start trading TOA COIN at:
https://crex24.com/exchange/TOA-BTC
https://wallet.crypto-bridge.org/mark /BRIDGE.TOA_BRIDGE.BTC
Check out more:
www.toacoin.com
Download TOA COIN APP Today:
Android Playstore: https://goo.gl/Fg3m72
IOS Appstore: https://goo.gl/8ZtFhC