The Difference Between Tokens, Coins, Assets and Currencies

Описание: The world of cryptocurrencies can be so cryptic and filled with jargon. In this video I explain the difference between tokens, coins, currencies and cryptoassets. Understanding the nuances of each one can ensure your make the right decision when acquiring them.

Recap:
00:51 - #1 Technology / Development Approach
01:01 - #2 Usage
#1 information
01:31 - Coins: Have their own blockchains, and specific rules
01:44 - Coin example: Bitcoin, Litecoin, Ethercoin
02:35 - Token: It is build on an existing blockchain
03:15 - A token leverages the blockchain of somebody else
03:44 - There are more tokens than coins
#2 Information
04:19 - Currency - is the word used for a transaction
06:20 - Utility Token - Need the token to get access to a specific space
07:13 - Asset / Cryptoasset - Used when there is an asset in the background
08:46 - Is there going to be one winner crypto currency?


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Limor Markman - Money Expert
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Disclaimer:
Just a reminder, that I’m not a Certified Financial Planner, the content is my opinion only. I’ve made every effort to ensure that the information in my videos has been accurately represented. I do not warrant or represent that the information is accurate, up-to-date, comprehensive, verified or complete. The content has been developed for educational and informational purposes only and is made available to you as self-help tools for your own use; it is not a substitute for professional advice. I shall not be liable for any investment decisions or any other actions taken by you based on information contained in this site.
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