Difference between revisions of "Crypto Currency"

From CoinWiki
Jump to: navigation, search
(Coin vs Token)
Line 16: Line 16:
  
 
== Coin vs Token ==
 
== Coin vs Token ==
 +
 +
A cryptocurrency coin is a currency that exists on its own [[blockchain]] and is used as a means of payment. For example [[Bitcoin]] or [[Ethereum]].
 +
 +
A cryptocurrency token is a currency that resides on a host's [[blockchain]] platform and is meant to be a representation of a certain asset. For example ERC20 which are tokens that are based off [[Ethereum]]'s [[blockchain]]. The tokens are tradable and can represent coins, loyalty points, etc.
  
 
== External Links ==
 
== External Links ==

Revision as of 18:15, 7 February 2018

A cryptocurrency was designed to be a digital way of exchanging assets securely while maintaining privacy. The currency is secured by means of cryptography. Some cryptocurrencies include:

Cryptocurrencies that are inspired by Bitcoin are called Altcoins.

Coinbase is a popular site that people use to manage their cryptocurrencies.

There are different ways to store your cryptocurrency.

Coin vs Token

A cryptocurrency coin is a currency that exists on its own blockchain and is used as a means of payment. For example Bitcoin or Ethereum.

A cryptocurrency token is a currency that resides on a host's blockchain platform and is meant to be a representation of a certain asset. For example ERC20 which are tokens that are based off Ethereum's blockchain. The tokens are tradable and can represent coins, loyalty points, etc.

External Links

References