Coin and Token?

in #cryptocurrency6 years ago

Many people speculate or invest in digital currencies and do not know what the difference is between the Coin and the Token.

In this report, we will develop a working mechanism on a case-by-case basis.
To start, we need to know the digital currency in a simplified way: it is an electronic currency that is manufactured by solving mathematical equations very strongly encrypted. And another definition is a program that works within the Blockchain system and the task of this program to solve the calculation to be able to create a new block added to the block chain in the blockchain and works on the transmission of data encrypted by P2P.

Alkwain: is the possibility of building contracts on the blockchain or the currency shown on the technology of blocks serialized and this is the characteristic of the coin on the Token, Alkwin has a special portfolio and you can not save these coin only in its own portfolio or any portfolio linked to the currency and have the coin addresses of their own and have some special platform Such as etherium, aloe, nano, cardano, etc., and can be exchanged or paid.

The Token or so-called symbol currency is built on one of the main platforms such as Atherom or Aluf .. Etc consists of smart contracts belonging to the platforms and consists of a certain number is established on the platforms and the quantity is determined by the founders of the Token and not have a title of its own but the title of the platform Which established the tukin called the title of etherium, neo or ove ... Etc. And is distributed to the market on the so-called ICO, the first offering of the currency and a means to finance the project or project. The Tuken can not be exchanged or can be used for token only when it is included in the platforms such as the platform of Binance or Betrix or Bitfinex .... etc

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