Difference between revisions of "Crypto Currency"
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== Coin vs Token == | == Coin vs Token == | ||
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| + | 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]]. | ||
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| + | 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
- Coin Ranking for current pricing
