The difference between cryptocurrency and token is not understood by everyone, because, despite the similarity of these concepts, they work differently from the algorithm. Cryptocurrencies are used to trade on the exchange of cryptocurrencies and to make different transactions (for example, buying real goods), but the token does not have the same capabilities and therefore cannot act as a means of payment.
Tokens are digital assets that are relevant to a particular project and are launched on a cryptocurrency. For example, based on the Ethereum blockchain platform, you can create ERC20 standard tokens, including the famous USDT stable coin.
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What is the OmiseGo (OMG) project?-What is OmiseGo? OmiseGo is an independent subsidiary of Omise company, a payment processor founded in 2013 and established in South East Asia, primarily Thailand. In 2015, the company began to explore how it could use blockchain technology to grow ... Read more
What is Streamr (DATAcoin)?-Price and capitalization of Streamr (DATA coin) You will find below the main information concerning the price and the capitalization of Streamr: the price: in dollars and in bitcoin, as well as the price variation over the last 24 hours ... Read more
What is a token?Introduction to token economy- Definition of a token A token is a digital asset that represents a certain value, power or right in a network. Tokens can be transferable, exchangeable from one individual to another without going through an intermediary, and in real ... Read more
BAND tokens and how to get some Free-Ethereum, EOS and Chainlink are the leading blockchain platforms of our time. These are also cryptocurrencies that are very popular and consistently placed in the top 10 list. However, recently appeared Band Protocol, which uses all the best Ethereum, EOS ... Read more
What is Celo CGLD-Celo CGLD listed on Binance After the announcement that Celo will be listed on Binance, few days ago, the price exploded in a huge up swing, taking investors by the storm. At the time of this writing, Celo is listed ... Read more
What is Chainlink- Chainlink is a project that seeks to solve a fundamental problem in the world of cryptography: a secure and reliable connection between data within the blockchain and offline data. For many years we have known blockchains that have always ... Read more
How to buy MANA-What Is Decentraland (MANA)? Decentraland is a virtual reality platform created in the Ethereum ERC20 blockchain and whose creative possibilities do not place limits on imagination. What is the difference between Decentraland and other virtual reality games that we currently ... Read more