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RE: Voting for adding STEEM to the Zero Fees exchange
hey ill check out this link soon,but i'd like to know the difference between coin and tokens on the community?
hey ill check out this link soon,but i'd like to know the difference between coin and tokens on the community?
Coins are separate currencies with their own separate blockchain, but tokens operate on top of a blockchain that facilitates the creation of decentralized applications.
For example EOS, TRON, ICON - are tokens of Ethereum. Here on marketcap https://coinmarketcap.com/tokens/ you can see various tokens.
So Steem is coin due to has his own blockchain and platform.
I didn't know it. thanks for the clarification.
Two ways people define these two: first off and least often, coins can be used for electronic payments tokens can not.
Now the most widely excepted definition would be coins opperate independently of other platforms examples Bitcoin, Ethereum
Tokens require other platforms to operate examples include EOS, OmiseGO, Ardor,
The majority of tokens are built on the ethereum platform but can be built on other platforms such as OMNI, NXT, and waves