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What's the Difference between Coins / Altcoins and Tokens?

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Vi

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As you know, Cryptocurrency is a virtual / digital currency whose transactions are done online. This cryptocurrency is designed from the results of solving mathematical questions based on cryptographic hash functions. In fact, there is one of the first types of cryptocurrency available, which may be familiar to you, namely Bitcoin.
So, there are two types of Cryptocurrency categories namely Alternative Cryptocurrency Coins (Altcoins / Coins) and Tokens. Keep in mind that all types of coins and tokens are included in the type of cryptocurrency, even though most of the coins and tokens do not meet the characteristics of a currency / currency.
Alternative Cryptocurrency Coins (Altcoins / Coins)
These Altcoins can be shortened to coins. Altcoin is an alternative to Bitcoin. All of these altcoins are variants of Bitcoin that use the open source bitcoin protocol, followed by coding changes to be able to create new coin types with different features. For example, some altcoins that are part of bitcoin coding are Auroracoin, Peercoin, Litecoin, Dogecoin and Namecoin.
In addition, there are also other altcoins that do not use the open source bitcoin protocol. Instead, the coin was created by using a blockchain and a new type of protocol, the separate blockchain, which records coin transaction processes, for example, Ripple, NXT, Counterparty, Omni, Ethereum and Waves.
Token
Tokens are one type of proof of asset ownership that generally uses other existing blockchain technologies. Tokens can be said as all forms of assets that can be traded, for example data, currencies, commodities, reward points and so on. This token is made in a more derivative way with Initial Token Sale (ITS), and is able to be distributed to the general public through an Initial Coin Offering (ICO). ICO itself is a form of fundraising by selling cryptocurrency for people who can participate.
Basically, this token is intended to be able to fund contracts with coins that are more liquid. It can be said that the investor will receive a token from the business that runs the offer. The company can serve certain customers and certainly better by offering tokens as exchange rates. In addition, you can use tokens as gifts to employees, customers and others.


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#1 - February 14, 2019, 12:13:25 PM

rabitb41

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in my opinion the same is just a different mention, but there is a slight difference between tokens and coins / altcoin, which are usually accommodated in wallets that support erc20 while coins can be both or just ordinary wallet.
#2 - January 13, 2020, 10:17:34 AM

Jamil Udin

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in my opinion all three are the same, both are digital money and can be used for online transactions, the difference is only in mentioning where the coin is only single while atcoin refers to the coin as a whole, if the token is erc20 and slightly different from coin / altcoin.
#3 - January 14, 2020, 09:10:11 AM

Billy Atkinson

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For me it is the same between tokens, cin and altcoin except that the term tokens came out recently and a new platform appeared with the name erc20, before coins and altcoin were more famous in the mention of a new coin.
#4 - January 20, 2020, 04:58:49 AM

Sarijos Soros

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between tokens and coins are different, tokens are more developed and can be used on several platforms such as old platforms and also erc20, but coins are only limited to appropriate platforms such as blockchain only and so on. if between coins and altcoin they are the same name and singular.
#5 - January 20, 2020, 08:00:19 AM

Peterix

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from my assumptions between tokens, coins and altcoin is the same thing as both digital currencies although coin and atcoin show a single and plural digital currencies but essentially the same, tokens are also the same difference only in the technology used where tokens mostly carry erc20.
#6 - January 27, 2020, 05:07:44 PM

ariezz

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coin is one of the names of crypto currencies such as bitcoi, ether and so on if alt coin is an anonymous coin so what is the name of the coin and how much is it. In my opinion, tokens are the same as a coin, maybe just different technology.
#7 - January 29, 2020, 09:19:51 AM

Acewyr

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coin and altcoin in my opinion are the same, the difference is that a single coin while altcoin is plural and we don't know the specific name of the coin. In my opinion, tokens are the same as digital currencies that represent a certain value.
#8 - February 02, 2020, 04:41:22 PM

greenbeach

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altcoin and coin are the same only different names for singular and plural objects, while tokens can be interpreted to be the same as coins or can also be digital numbers that can be cashed.
#9 - February 18, 2020, 09:50:45 AM

PrimaFx

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coins, altcoin and tokens actually refer to the same thing, namely cryptocoin, except that they show a single and plural coins and show a coin which is a curved crypto on a different basis.
#10 - July 15, 2020, 10:22:51 AM

Sugeng Setiadi

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coin refers to a crypto that is divided from 1 coin with a name, while altcoin shows all the cryptocoin members are there while tokens can be anything like crypto or other digital money
#11 - July 16, 2020, 05:10:35 PM

Riky Namaku

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all three terms refer to one thing in common namely crypto currency and indeed all three are only mentionings, each of which still has a specific name again.
#12 - July 22, 2020, 12:41:55 PM

Kapoor

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coin and altcoin are the same, only the difference is singular and plural, while the token can also be the same as a coin if it is in crypto currency but can also be the same as not coin if it is in the form of another digital currency.
#13 - July 30, 2020, 05:09:35 AM

FardhanVx

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all three refer to the same type of currency, the difference is only in the amount, one or several have different names.
#14 - September 02, 2020, 04:37:35 PM

Genic08AD

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in my opinion, the three of them are very much similar, it's just that tokens are somewhat different, tokens are coins in general and are not always in the form of cypto currency.
#15 - September 09, 2020, 05:27:15 PM
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