The Ultimate Guide to App Coins and Protocol Tokens - Blockgeeks
A lot of people face immense confusion over the differences between the different kinds of coins and tokens out there in the crypto space'and for good reason. With the sheer amount of projects out there, it could be incredibly tough for someone, new to the space, to keep up with everything. We have already covered the differences between security tokens and utility tokens. However, in order to get a more intimate knowledge of the cryptospace, it is important to know the differences between application coins and protocol tokens as well. We all know what app coins/tokens are. These are the coins that fire up various applications and they have existed before the blockchain. An excellent example of this is in-house currencies in online multi-player games. One can use their fiat money to buy tokens in these games which can be used in various ways (to buy in-game armor, skins etc.). However, before blockchain technology, there were no protocol tokens. This article was retrieved by us on January 17, 2019 4:09 PM. Share this content on social media: Visit blockgeeks.com for more from this source. Leave a Comment
Understanding Protocol Coins And Tokens
By:Sudhir Khatwani In:Blockchain Last Updated:15/10/2018 There is enormous confusion among the crypto investors in understanding different types of tokens or coins. We have tried to explain the Difference Between Security Tokens & Utility Tokens, but there is another category that we deliberately didn't speak about to avoid any further confusion. This category is protocol tokens! We all know about app coins and tokens, but protocol tokens didn't exist in the past. However, courtesy of the blockchain?, we now have something called the protocol tokens?. It is OK if you are not able to relate to what I am saying, but eventually, you will be. Let me give you some simple examples from the evolution of the internet to make a good analogy of what is happening now, and what might happen in the future. This item was found by us on July 10, 2018 6:00 PM. Share this content on social media: You may want to visit coinsutra.com to find more similar content. Leave a Comment
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