February 2018
Intermediate to advanced
288 pages
6h 58m
English
Content preview from Ethereum Smart Contract Development
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Token versus coin
The title of this chapter is misleading. It has been made misleading on purpose. This has been chosen to make you realize the subtle difference between a cryptocurrency and a token in the perspective of Ethereum. When you explore the web to gain knowledge about cryptocurrency, you will observe that the terms cryptocurrency, coins, and tokens are often used interchangeably.
Figure 8.1 represents a classification that brings out the subtle differences between them:
Figure 8.1: Token versus coin
In simple words, the following four points summarize the difference between coins and tokens:
- Coins are separate currencies on their ...