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.

Tokens can have wallet but it's just an address and eventually, those wallets are linked to some blockchain platform like ETH, NEO and these transactions will be performed via that blockchain network. What I meant with wallet is the real place which is responsible for storing that token and it's transactions which of course will be on its parent blockchain network.

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