touhida1984
9 months ago  Karma: 3700
Difference between coin, mineable coin, token and security.

In coinmarketcap, I can see three types of crypto: Coin, mineable coin or token. Didn’t find anything called as security. What is the difference.

Mineable Coin
Security
coin
token
touhida1984
9 months ago  Karma: 3700
Difference between coin, mineable coin, token and security.

In coinmarketcap, I can see three types of crypto: Coin, mineable coin or token. Didn’t find anything called as security. What is the difference.

Mineable Coin
Security
coin
token

ONE ANSWER
bruno
9 months ago Karma: 1094

Generally, a token is any transferrable unit of value on a blockchain. A bitcoin is the token of the bitcoin blockchain, ether is the token of the Ethereum blockchain, OmiseGo is the token of a company called Omise and is launched on the Ethereum blockchain. A token is literally just a representation of value which can change owners.

A mineable coin, or mineable token, is a token which is created by computers solving hard mathematical riddles or doing many guesses. This can be an Ethereum token (since tokens are just programs on the Ethereum blockchain, at least the current blanket definition of tokens, you can define any mathematical attribute of those tokens, including the fact that they need calculations to come into existence) or a native token (also known as a coin) of a blockchain like bitcoin or ether.

A coin is an interchangeable term used for all of those.

A security is a type of coin which you can use for investment, a.k.a. price gambling. The opposite of security is a utility token - one that is used for something.

Generally, a token is any transferrable unit of value on a blockchain. A bitcoin is the token of the bitcoin blockchain, ether is the token of the Ethereum blockchain, OmiseGo is the token of a company called Omise and is launched on the Ethereum blockchain. A token is literally just a representation of value which can change owners.

A mineable coin, or mineable token, is a token which is created by computers solving hard mathematical riddles or doing many guesses. This can be an Ethereum token (since tokens are just programs on the Ethereum blockchain, at least the current blanket definition of tokens, you can define any mathematical attribute of those tokens, including the fact that they need calculations to come into existence) or a native token (also known as a coin) of a blockchain like bitcoin or ether.

A coin is an interchangeable term used for all of those.

A security is a type of coin which you can use for investment, a.k.a. price gambling. The opposite of security is a utility token - one that is used for something.

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