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/biz/ - Business & Finance

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24888024

Anonymous Thu Dec 17 07:39:31 2020 No.24888024 [Reply] [Original]

What is the difference between a coin and a token?

>>	Anonymous Thu Dec 17 07:40:44 2020 No.24888052 >>24888024 You need to go back.

>>	Anonymous Thu Dec 17 07:40:53 2020 No.24888055 People will say "coins" are native to the chain. The ethereum yellow paper literally calls BTC a value token though. I'd say all coins are tokens but not all tokens are coins.

>>	Anonymous Thu Dec 17 07:41:21 2020 No.24888065 >>24888024 A coin has its own blockchain

>>	Anonymous Thu Dec 17 07:43:30 2020 No.24888113 >>24888024 A coin is a token used specifically as money, whereas token is just a broad term for "a unit of representation". You could tokenize a house or a car.

>>	Anonymous Thu Dec 17 07:48:24 2020 No.24888194 >>24888113 >You could tokenize a house or a car. For what purpose?

>>	Anonymous Thu Dec 17 07:52:21 2020 No.24888278 >>24888194 To buy/sell it

>>	Anonymous Thu Dec 17 08:16:42 2020 No.24888872 >>24888055 This

>>	Anonymous Thu Dec 17 08:18:14 2020 No.24888905 Tokens are premined scams, all of them.