Jeff is clearing the air of the coin and token confusion!

in #altcoinbuzz6 years ago

This is a video to clear up some of the confusion related to understanding the use case of a coin vs token. A coin functions as a currency a token has a wider use case built on a coins developer platform or code. The idea that a token like Tron being listed on Coinbase is probably not realistic as it does not function as a currency but as a wider use case built on the Ethereum blockchain.

In this video, I also touched on etherscan and myetherwallet for looking up erc20 tokens.

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my bet is on coin, because I use them for exchange and of course for #hold

Do you think tokens will become more commonly used or coins will still be the top of the market cap in like a year or so when tokens have working products backing them up?

both, the market will expand to need all the good ones

I'm one of those newbies that didn't realize there's a difference between a coin and a token. Seriously, thanks for this post.

My fist ever resteem, Keep on educating!!!

Thanks Jeff. I've had tons of questions from people who are new to cryptocurrency. This explains it very easily. Keep the educational videos coming @altcoinbuzz

There can only be one BlockchainJ.

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