[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 104 KB, 600x600, 1388609521111.jpg [View same] [iqdb] [saucenao] [google]
3324506 No.3324506 [Reply] [Original]

Whats the difference between a token and a coin?

>> No.3324524

what is google
>but no, let me ask on biz that are goign to shill their trash coins

>> No.3324528

>>3324506
A coin has it's own ledger.
A token is a tradeable asset on a platform where various tokens can be generated / traded.

>> No.3324540

a token can be considered an asset or security
a coin is just a digital currency

its much easier for a coin to get added to an exchange, because of sec regulations

>> No.3324552

>>3324506
Coins are pieces of metal with pictures of dead people on them and they're commonly used by poor people to buy fast food and bus fare.

Tokens are what their kids steal from the rich kids at Chucky Cheese.

>> No.3324563
File: 469 KB, 1200x1200, sec.png [View same] [iqdb] [saucenao] [google]
3324563

>>3324506
personally I'm not even sure kek, someone in the bitpam crypto trading discord probably knows, they have some knowledgeable people there desu

discord.gg/VpPrGmF

>> No.3324594

>>3324528

do you have an article or video that explains this? i googled it and nothing comes up.

>> No.3324644

>>3324506
As an example -
ETH is the coin, OMG (and a lot of others) is a token built on the Ethereum blockchain using ETH's ERC20 token standard.

https://theethereum.wiki/w/index.php/ERC20_Token_Standard

https://www.ethereum.org/token

>> No.3324677

>>3324506
Bitcoin is coin.
Ethereum is token.

There you go. From there you should be able to put two and two together.

>> No.3324748

>>3324677
Your are incorrect. From there you should be able to put two and two together.

>> No.3324788

>>3324748
Then you haven't read the whitepapers, sorry buddy.

>> No.3324805

>>3324748
>>3324788
>Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed."Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
Peace.

>> No.3324814
File: 21 KB, 312x345, 1497234321332.jpg [View same] [iqdb] [saucenao] [google]
3324814

>>3324788
Why don't you go ahead and make me look like a dick by linking the whitepaper that told you that.

>> No.3325670

>>3324506
What's the difference between a stock and a share?