Using Core Dao token to explain difference between Coin and Token

We all knows that when it comes to cryptocurrency and the blockchain at large learning is an aspect that will never for once end. Learning has come to stay as it has been our nature for all those in the cryptocurrency ecosystem. A day hardly passes without we receiving one or two things that will carries or channel our attention and focus into doing some research. I said it on my last post that in as much you are part of the cryptocurrency ecosystem and the blockchain at large, you should knows that the word do your own research is for every single users of the cryptocurrency ecosystem. The world is not do it for me, D.I.F.M but rather still do it your self D.Y.O.R, what this implies is that you should knows that in whatsoever thing that you are doing in the cryptocurrency ecosystem and the blockchain at large, you should endeavour to be up and doing in other for you to be able to carry yourself along. Once again, we all should knows that the beauty of cryptocurrency lies in us and it also lies in what we are able to do within the cryptocurrency ecosystem.

Credit

There is something that came up which requires me to have a programming or coding knowledge but simply because of the very fact that such thing is important, I had to make sure that I research over what I needed. I had to make sure that I extent my knowledge to another level by learning the much needed programming knowledge. You won't be seeing someone that will be doing it for you all the time, you have to knows that there is nobody that knows it all when it comes to cryptocurrency and the blockchain at large, we are all in the learning and driving seat, you are to shoulder the responsibility of carrying the burden of learning yourself because almost every day, there is one or two things resurfacing in the cryptocurrency ecosystem. We all knows that when cryptocurrency and the blockchain started, it was a small community but as it grows and explode we are now seeing different things being built in the cryptocurrency ecosystem. Those welcomed development are the things that have carried the cryptocurrency ecosystem and the blockchain at large to this very stage.

With the above, I am trying to educate us that when it comes to cryptocurrency and the blockchain at large, learning will continues to be part of the ecosystem and the community at large. Deviating from that and discussing about what we have at hand today, which we will be using to talk about coin and token. As for your information, if you have been following up with my post you would have come across me talking about the core Dao blockchain. At this stage in your cryptocurrency career I believe you should knows that when it comes to cryptocurrency and the blockchain at large, there is difference between coin and token. Funny enough I have been seeing some person's thinking that they both means the same thing, if you are on that table you should know today that they are simply different.

Credit

The difference between coin and token is very easy. If you see a blockchain like Core Dao, Ethereum, Bitcoin, Hive, Ltc blockchain, you should knows that what they have is called coin but the ones that doesn't have a blockchain on their own is called a token. The difference still stand that one has a blockchain and the other is under a blockchain. We all knows the various stress and expenses required to launch a cryptocurrency project blockchain, that is simply the fact why many cryptocurrency project instead of launching as a blockchain will just decide to launch as a project under a blockchain. In a nutshell, we can say that coins are simply the native token of a blockchain while token are project that are created on an existing blockchain.

The reason why I am using Core Dao blockchain as a case study is that if eventually Core Dao blockchain goes live, it shows that the token called Core is now the official token of the Core Dao blockchain. Since it is now the official token of the Core Dao blockchain it is now referred to as coin. For project that doesn't have their own blockchain yet, they can dish out their cryptocurrency coin but it won't be called coin but it will be called token. With what I have explained above, I believe we have understood what cryptocurrency coin and token means.

Credit

I will end the post here, hope you love it.