Q. Cryptocurrencies vs Token?
mefjiu

Cryptocurrencies vs Token?

What is the difference between cryptocurrencies and a token?


ethereum token cryptocurrencies
2

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Jun, 2018

Ethereum
 1.05 q (claimed)
2 Answers
  • abdul91

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  • samuel22

    Coins are just method of payment while tokens may present a company’s share, give access to product or service and perform many other functions. Coins are currencies that can be used for buying and selling things. You can buy a token with a coin, but not vice versa. Coin operates independently, while token has a specific use in the project’s ecosystem.


       

    answered by

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Asked in Category

Ethereum

A virtual currency named ether grew alongside bitcoin. Ether is the fuel that powers Ethereum. Bitcoin and Ethereum are at times considered to be similar but that's not entirely true, as bitcoin is a cryptocurrency, whereas Ethereum is a development platform. Ethereum is considered to be the largest and the most well-established, open-ended decentralized software platform. Ether is like a vehicle for moving around on the Ethereum platform and is sought by developers to develop and run application inside Ethereum.

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