<center> [](https://3speak.tv/watch?v=scottcbusiness/yzevqanl) ▶️ [Watch on 3Speak](https://3speak.tv/watch?v=scottcbusiness/yzevqanl) </center> --- For new people in the crypto space, it can be pretty overwhelming to understand all the nuances. Cryptocurrency coins are different from tokens, let’s talk about those differences and why they matter. This is my 512th episode/article. I put a great deal of work into this content so if you find it valuable, please do like, share, comment and subscribe! *Note that I had COVID when recording this so please forgive the potentially lower quality* Some examples are Tron with TRC20, Ethereum with ERC20, and Binance with BEP20 tokens. There are many chains that have their own tokens as well such as Hive, Solana, Polkadot, Avalanche, and more. The main thing to consider is that when you are using the ecosystems of these blockchains and want to trade between tokens, you can only do that within each ecosystem. So, you can only trade ERC20 tokens for other ERC20 tokens or Ethereum on a “decentralized” exchange like Uniswap. Thorswap offers you the ability to trade across chains like from Bitcoin to Ethereum, but that was covered here: https://peakd.com/hive-167922/@scottcbusiness/ybrwvnta https://www.youtube.com/watch?v=L_thz6aVGxI To some degree, it could make more sense to just invest in the underlying asset. For example, if you invest in Ethereum, you would have seen a massive jump in value when Shiba Inu blew up in hype (which is now worth only 28% of its all-time high). Also, remember that you are generally stuck within that ecosystem and subject to its features and drawbacks. For example, using any ERC20 tokens costs Ethereum gas fees which have been very high for some time. Also, note that projects can distribute tokens across multiple chains. For example, you can get USDT on many chains: https://tether.to/en/transparency/. You can see on that site that they have issued huge amounts of USDT across Ethereum, Tron, Algorand, EOS, Solana, Avalanche, and more. I don’t at all support Tether, by the way, it’s extremely centralized. What are your thoughts on cryptocurrency coins vs tokens? Did this explanation help? Where do you like to trade? Let me know what you think about this in the comments below and don’t forget to subscribe! *Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated* 👥 Support Me & Follow Me Elsewhere 👥 👉 http://www.scottcbusiness.com Ask questions in my Telegram: https://t.me/cryptoandthings You can find all my cryptocurrency addresses on https://cointr.ee/scottcbusiness You can find all of my referral links here: https://linktr.ee/scottcbusiness --- ▶️ [3Speak](https://3speak.tv/watch?v=scottcbusiness/yzevqanl)
author | scottcbusiness | ||||||
---|---|---|---|---|---|---|---|
permlink | yzevqanl | ||||||
category | hive-167922 | ||||||
json_metadata | "{"tags":["crypto","cryptocurrency","ethereum","blockchain","finance"],"app":"3speak/0.3.0","type":"3speak/video","image":["https://ipfs-3speak.b-cdn.net/ipfs/bafybeibpcph3zujgv7xkhevzr57icangazxtix4u5v3atvy2rv57q3p4by"],"video":{"info":{"platform":"3speak","title":"Cryptocurrency Coins vs Tokens [Explained]","author":"scottcbusiness","permlink":"yzevqanl","duration":1087.887,"filesize":376968705,"file":"KGbYWuFpECisWgeLQGWgwhWCNYtpnZUlezoxydMNzKrmTokJaSEovqGkYDYGweQZ.mp4","lang":"en","firstUpload":false,"ipfs":null,"ipfsThumbnail":null},"content":{"description":"For new people in the crypto space, it can be pretty overwhelming to understand all the nuances. Cryptocurrency coins are different from tokens, let’s talk about those differences and why they matter.\r\n\r\nThis is my 512th episode/article. I put a great deal of work into this content so if you find it valuable, please do like, share, comment and subscribe! *Note that I had COVID when recording this so please forgive the potentially lower quality*\r\n\r\nSome examples are Tron with TRC20, Ethereum with ERC20, and Binance with BEP20 tokens. There are many chains that have their own tokens as well such as Hive, Solana, Polkadot, Avalanche, and more.\r\n\r\nThe main thing to consider is that when you are using the ecosystems of these blockchains and want to trade between tokens, you can only do that within each ecosystem. So, you can only trade ERC20 tokens for other ERC20 tokens or Ethereum on a “decentralized” exchange like Uniswap. Thorswap offers you the ability to trade across chains like from Bitcoin to Ethereum, but that was covered here: https://peakd.com/hive-167922/@scottcbusiness/ybrwvnta\r\nhttps://www.youtube.com/watch?v=L_thz6aVGxI\r\n\r\nTo some degree, it could make more sense to just invest in the underlying asset. For example, if you invest in Ethereum, you would have seen a massive jump in value when Shiba Inu blew up in hype (which is now worth only 28% of its all-time high). Also, remember that you are generally stuck within that ecosystem and subject to its features and drawbacks. For example, using any ERC20 tokens costs Ethereum gas fees which have been very high for some time.\r\n\r\nAlso, note that projects can distribute tokens across multiple chains. For example, you can get USDT on many chains: https://tether.to/en/transparency/. You can see on that site that they have issued huge amounts of USDT across Ethereum, Tron, Algorand, EOS, Solana, Avalanche, and more. \r\nI don’t at all support Tether, by the way, it’s extremely centralized.\r\n\r\nWhat are your thoughts on cryptocurrency coins vs tokens? Did this explanation help? Where do you like to trade? Let me know what you think about this in the comments below and don’t forget to subscribe!\r\n\r\n*Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated*\r\n\r\n👥 Support Me & Follow Me Elsewhere 👥 \r\n👉 http://www.scottcbusiness.com \r\nAsk questions in my Telegram: https://t.me/cryptoandthings \r\nYou can find all my cryptocurrency addresses on https://cointr.ee/scottcbusiness \r\nYou can find all of my referral links here: https://linktr.ee/scottcbusiness","tags":["crypto","cryptocurrency","ethereum","blockchain","finance"]}}}" | ||||||
created | 2022-03-26 18:56:06 | ||||||
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
acidyo | 0 | 4,472,592,555,349 | 50% | ||
alz190 | 0 | 625,178,400 | 15% | ||
jphamer1 | 0 | 4,388,932,211,968 | 100% | ||
themonetaryfew | 0 | 775,970,964,958 | 100% | ||
uwelang | 0 | 70,280,751,175 | 10% | ||
titusfrost | 0 | 57,286,520,647 | 100% | ||
successforall | 0 | 37,826,138,945 | 30% | ||
gamer00 | 0 | 2,435,177,597 | 0.38% | ||
amadeus | 0 | 167,786,454 | 57% | ||
ahmadmanga | 0 | 680,445,319 | 17.5% | ||
newhope | 0 | 2,979,482,459,378 | 27% | ||
pouchon | 0 | 327,782,002,982 | 10.5% | ||
trafalgar | 0 | 16,577,914,419,107 | 42% | ||
raindrop | 0 | 270,623,916,539 | 42% | ||
l337m45732 | 0 | 2,442,819,903 | 5% | ||
forykw | 0 | 565,007,171,334 | 50% | ||
eliel | 0 | 12,021,823,573 | 5% | ||
stackin | 0 | 691,435,747 | 10% | ||
uruiamme | 0 | 501,585,787 | 5.5% | ||
bitcoinflood | 0 | 216,362,994,087 | 14% | ||
ew-and-patterns | 0 | 15,168,572,580 | 5% | ||
joeyarnoldvn | 0 | 501,248,311 | 1.47% | ||
paasz | 0 | 2,028,896,675 | 100% | ||
mcoinz79 | 0 | 138,383,618,531 | 100% | ||
adambarratt | 0 | 42,673,915,291 | 30% | ||
dante31 | 0 | 1,593,294,752 | 12.5% | ||
themarkymark | 0 | 3,689,526,013,378 | 10% | ||
nathanmars | 0 | 229,208,761,892 | 100% | ||
cranium | 0 | 41,287,540,155 | 30% | ||
khalil319 | 0 | 788,733,706 | 12.5% | ||
steemik | 0 | 2,278,653,436,970 | 100% | ||
thauerbyi | 0 | 3,934,238,155 | 22.5% | ||
vimukthi | 0 | 286,539,538,351 | 100% | ||
santigs | 0 | 25,367,367,211 | 48% | ||
bahagia-arbi | 0 | 1,374,157,502 | 25% | ||
pele23 | 0 | 230,429,005,594 | 40% | ||
buildawhale | 0 | 7,275,314,233,636 | 10% | ||
vlemon | 0 | 361,724,929,664 | 100% | ||
drax | 0 | 165,379,278,865 | 40% | ||
roleerob | 0 | 57,307,815,751 | 12.5% | ||
minloulou | 0 | 763,977,354 | 12.5% | ||
gotgame | 0 | 179,682,743,405 | 100% | ||
rodent | 0 | 6,093,834,213 | 27% | ||
makerhacks | 0 | 46,718,332,153 | 10% | ||
x30 | 0 | 719,744,175,273 | 10% | ||
liverpool-fan | 0 | 731,849,648 | 12.5% | ||
noble-noah | 0 | 12,100,442,714 | 100% | ||
karinxxl | 0 | 4,695,967,901 | 50% | ||
vintherinvest | 0 | 22,031,823,130 | 12.5% | ||
chekohler | 0 | 7,732,943,068 | 10% | ||
mytechtrail | 0 | 39,667,776,737 | 10% | ||
traf | 0 | 1,468,186,990,793 | 42% | ||
mikitaly | 0 | 7,960,599,079 | 80% | ||
sneakyninja | 0 | 929,587,471 | 1.54% | ||
steembasicincome | 0 | 267,400,537,103 | 7.72% | ||
danielwong | 0 | 12,971,237,936 | 50% | ||
fourfourfun | 0 | 671,494,792 | 2.5% | ||
upmyvote | 0 | 3,055,534,865 | 10% | ||
mermaidvampire | 0 | 535,576,684 | 35% | ||
culgin | 0 | 573,845,821 | 30% | ||
mistakili | 0 | 130,123,706,685 | 100% | ||
edprivat | 0 | 2,002,124,461 | 1.5% | ||
mastergerund | 0 | 893,713,990 | 3.09% | ||
oredebby | 0 | 1,735,017,272 | 50% | ||
anderssinho | 0 | 8,161,525,327 | 100% | ||
phoneinf | 0 | 2,096,782,046 | 100% | ||
bertrayo | 0 | 67,399,299,967 | 100% | ||
russellstockley | 0 | 9,149,679,716 | 10% | ||
dwayne16 | 0 | 571,195,736 | 10.5% | ||
jglake | 0 | 5,536,867,674 | 20% | ||
nervi | 0 | 21,192,389,356 | 100% | ||
scottcbusiness | 0 | 48,873,898,517 | 100% | ||
paragism | 0 | 719,817,871 | 50% | ||
obsesija | 0 | 4,795,286,205 | 12.5% | ||
jennybeans | 0 | 1,576,948,319 | 100% | ||
phasewalker | 0 | 41,789,921,894 | 100% | ||
getron | 0 | 673,244,331 | 25% | ||
saboin | 0 | 105,956,652,584 | 11% | ||
promobot | 0 | 1,500,544,707 | 50% | ||
littledrummerboy | 0 | 574,511,296 | 100% | ||
fw206 | 0 | 170,461,110,951 | 6.6% | ||
zaxan | 0 | 969,728,603 | 12.5% | ||
techcoderx | 0 | 276,772,433,190 | 100% | ||
rafaljakobsen | 0 | 572,093,644 | 10% | ||
liable | 0 | 1,767,350,313 | 40% | ||
dirasurjan | 0 | 0 | 100% | ||
gaottantacinque | 0 | 218,300,098 | 100% | ||
aulia1993 | 0 | 1,434,748,182 | 11% | ||
agathusia | 0 | 828,986,756 | 100% | ||
shortsegments | 0 | 2,763,634,606 | 1.25% | ||
thedailysneak | 0 | 1,264,820,772 | 1.54% | ||
nazomimatute1998 | 0 | 1,239,382,056 | 100% | ||
gallerani | 0 | 1,561,898,719 | 25% | ||
jk6276 | 0 | 295,997,309,299 | 80% | ||
pvinny69 | 0 | 24,956,768,455 | 100% | ||
dlike | 0 | 113,920,770,585 | 25% | ||
minimining | 0 | 6,720,303,980 | 50% | ||
marcocasario | 0 | 21,122,392,283 | 15% | ||
oakshieldholding | 0 | 773,652,770 | 30% | ||
ecoinstats | 0 | 79,749,317,502 | 30% | ||
mister-meeseeks | 0 | 20,751,134,108 | 25% | ||
kristall97 | 0 | 112,785,569,276 | 100% | ||
buildingpies | 0 | 3,053,754,781 | 7.72% | ||
theycallmedan | 0 | 20,021,263,439,863 | 23% | ||
hibbi | 0 | 763,078,116 | 12.5% | ||
khan.dayyanz | 0 | 2,282,186,126 | 5% | ||
entrust | 0 | 7,162,969,702 | 100% | ||
jacuzzi | 0 | 18,099,635,213 | 7.5% | ||
flyingbolt | 0 | 1,888,640,004 | 25% | ||
idiosyncratic1 | 0 | 42,004,955,708 | 100% | ||
director.rar | 0 | 100,965,215 | 100% | ||
thelogicaldude | 0 | 10,403,289,686 | 10% | ||
edian | 0 | 4,268,030,507 | 25% | ||
engrsayful | 0 | 1,097,415,398 | 6.25% | ||
krunkypuram | 0 | 2,367,916,074 | 75% | ||
megavest | 0 | 60,014,468,079 | 25% | ||
iamangierose | 0 | 530,608,702 | 50% | ||
deeanndmathews | 0 | 6,636,536,870 | 10% | ||
likwid | 0 | 878,127,226 | 50% | ||
oxoskva | 0 | 2,677,448,549 | 100% | ||
travelwritemoney | 0 | 3,829,141,114 | 25% | ||
afrozasultana | 0 | 1,284,319,883 | 100% | ||
mindtrap-leo | 0 | 730,698,223 | 30% | ||
leo.voter | 0 | 20,589,319,152,426 | 25% | ||
empoderat | 0 | 201,825,599,332 | 12.5% | ||
leo.bank | 0 | 654,707,361 | 25% | ||
ejmh | 0 | 1,107,574,713 | 30% | ||
babytarazkp | 0 | 4,460,148,788 | 40% | ||
agro-dron | 0 | 2,420,902,253 | 25% | ||
taskmaster4450le | 0 | 587,774,220,766 | 30% | ||
maddogmike | 0 | 9,312,905,932 | 10% | ||
sbi-tokens | 0 | 831,322,574 | 3.09% | ||
liaminit1 | 0 | 7,983,448,512 | 90% | ||
salexa5 | 0 | 12,688,673,141 | 100% | ||
coinlogic.online | 0 | 9,907,666,934 | 12.5% | ||
bilpcoinrecords | 0 | 808,467,474 | 13.5% | ||
enison1 | 0 | 623,021,303 | 100% | ||
lnakuma | 0 | 11,947,340,761 | 30% | ||
bpcvoter | 0 | 1,044,423,404 | 100% | ||
sharkthelion | 0 | 18,047,957,013 | 25% | ||
onestop | 0 | 3,792,832,639 | 12.5% | ||
kgsupport | 0 | 1,137,305,458 | 25% | ||
leofinance | 0 | 49,776,640,559 | 25% | ||
ykretz | 0 | 1,238,701,723 | 2.5% | ||
jskitty | 0 | 194,334,544,816 | 100% | ||
nulledgh0st | 0 | 16,881,478,036 | 100% | ||
softworld | 0 | 52,694,233,206 | 15% | ||
mynima | 0 | 859,004,192 | 75% | ||
f0x-society | 0 | 1,344,206,637 | 50% | ||
hivexperiment | 0 | 996,741,479 | 100% | ||
globalcurrencies | 0 | 1,373,246,082 | 21% | ||
hodlcommunity | 0 | 1,956,764,408,786 | 100% | ||
hivelist | 0 | 28,652,460,370 | 10% | ||
ninnu | 0 | 3,391,251,194 | 1.15% | ||
kiemis | 0 | 2,157,706,473 | 0.19% | ||
defi.campus | 0 | 12,512,213,311 | 50% | ||
rmsadkri | 0 | 12,905,753,885 | 20% | ||
ghaazi | 0 | 2,171,655,264 | 50% | ||
hivehustlers | 0 | 71,647,750,397 | 20% | ||
beehivetrader | 0 | 1,080,651,421 | 12.5% | ||
forkyishere | 0 | 6,850,410,274 | 50% | ||
plusvault | 0 | 2,211,419,345 | 100% | ||
w-t-fi | 0 | 1,389,714,414 | 100% | ||
recoveryinc | 0 | 3,091,106,785 | 5% | ||
spirall | 0 | 618,001,060 | 50% | ||
adedayoolumide | 0 | 4,515,680,088 | 100% | ||
eddie-earner | 0 | 1,448,049,967 | 30% | ||
kattycrochet | 0 | 4,182,857,145 | 21% | ||
zaddyboy | 0 | 612,665,609 | 100% | ||
schindmaehre | 0 | 176,002,083 | 100% | ||
andrastia | 0 | 18,082,345,601 | 20% | ||
netaterra.leo | 0 | 790,380,446 | 22.5% | ||
lbi-token | 0 | 95,143,387,431 | 30% | ||
sharkleo | 0 | 716,133,009 | 15% | ||
leo.tokens | 0 | 2,276,688,993 | 25% | ||
scoutroc | 0 | 4,863,378,059 | 100% | ||
trumpikasleo | 0 | 725,991,691 | 100% | ||
cielitorojo | 0 | 20,704,822,703 | 12.5% | ||
hykss.leo | 0 | 16,139,583,638 | 4.5% | ||
samrisso | 0 | 3,505,597,464 | 5% | ||
fragozar01 | 0 | 803,777,386 | 5% | ||
kriszrokk | 0 | 3,803,006,766 | 100% | ||
yieldgrower | 0 | 6,237,226,925 | 100% | ||
lordavatarii | 0 | 15,131,809,542 | 100% | ||
elongate | 0 | 853,185,429 | 25% | ||
amongus | 0 | 950,509,262 | 25% | ||
elgatoshawua | 0 | 6,426,157,438 | 12.5% | ||
luckyali.leo | 0 | 864,968,788 | 25% | ||
star.leo | 0 | 933,088,252 | 30% | ||
brofi | 0 | 0 | 3% | ||
creodas | 0 | 558,285,905 | 18.75% | ||
rendrianarma | 0 | 973,011,173 | 25% | ||
cryptololo | 0 | 2,705,607,551 | 22.5% | ||
broadhive-org | 0 | 2,489,577,266 | 12.5% | ||
alokkumar121.leo | 0 | 6,714,598,032 | 100% | ||
maxelitereturned | 0 | 654,271,240 | 15% | ||
leoball | 0 | 1,743,931,839 | 30% | ||
leveluplifestyle | 0 | 10,743,992,355 | 25% | ||
impurgent | 0 | 648,003,628 | 40% | ||
bitlad | 0 | 92,428,887 | 64% | ||
distancia | 0 | 171,276,256 | 100% | ||
robmojo.leo | 0 | 515,116,769 | 15% | ||
borsengelaber | 0 | 30,184,735,622 | 100% | ||
bokica80 | 0 | 612,116,206 | 12.5% | ||
jocieprosza.leo | 0 | 1,312,001,393 | 30% | ||
apeminingclub | 0 | 48,509,104,211 | 10% | ||
thisismylife.leo | 0 | 1,868,512,865 | 75% | ||
foreverhero | 0 | 731,236,553 | 100% | ||
icon-bassey | 0 | 927,892,299 | 50% | ||
sovstar | 0 | 2,065,786,372 | 12.5% | ||
thaddeusprime | 0 | 1,600,654,830 | 100% | ||
dlmmqb | 0 | 4,343,256,014 | 49% | ||
cugel | 0 | 4,469,147,712 | 12.5% | ||
trasto | 0 | 271,124,586,571 | 12.5% | ||
blockheadgames | 0 | 2,250,123,888 | 10% | ||
nathu1 | 0 | 366,607,880 | 100% | ||
kraaaaa | 0 | 901,636,343 | 50% | ||
punksonhive | 0 | 2,577,159,574 | 10% | ||
brainstommer | 0 | 951,965,671 | 12.5% | ||
sa20samar | 0 | 0 | 100% | ||
zeclipse | 0 | 733,866,630 | 25% | ||
miguelgonzalezms | 0 | 613,810,959 | 55% | ||
saboin.leo | 0 | 162,474,858 | 29% | ||
bricksolution | 0 | 2,997,259,203 | 15% | ||
surrealis | 0 | 0 | 100% | ||
filip-psiho | 0 | 737,173,886 | 12.5% | ||
khaltok | 0 | 2,196,597,532 | 25% | ||
andreseloy581 | 0 | 62,689,162,273 | 100% | ||
pero82 | 0 | 632,094,019 | 100% | ||
xtheycallmedan | 0 | 0 | -5.75% | ||
xleo.voter | 0 | 0 | -6.25% | ||
xbuildawhale | 0 | 0 | -2.5% | ||
xtrafalgar | 0 | -27,212,561 | -10.5% | ||
xthemarkymark | 0 | 0 | -2.5% | ||
cryptopaddy801 | 0 | 576,212,743 | 100% | ||
shiba.inu | 0 | 0 | 100% |
👍🏻 Very good overview and examples. Knew the difference in general but it was great to learn some new details and understand better the investment aspects to consider. Nice work! 🙋🏼♂️ Regards Thomas
author | borsengelaber |
---|---|
permlink | re-scottcbusiness-2022326t204732106z |
category | hive-167922 |
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Nice! Happy I could give you a refresher.
author | scottcbusiness |
---|---|
permlink | re-borsengelaber-r9dlad |
category | hive-167922 |
json_metadata | {"tags":["hive-167922"],"app":"peakd/2022.03.8"} |
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borsengelaber | 0 | 30,086,678,945 | 100% |
Congratulations @scottcbusiness! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s): <table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@scottcbusiness/upvotes.png?202203282048"></td><td>You distributed more than 64000 upvotes.<br>Your next target is to reach 65000 upvotes.</td></tr> </table> <sub>_You can view your badges on [your board](https://hivebuzz.me/@scottcbusiness) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> **Check out the last post from @hivebuzz:** <table><tr><td><a href="/hive-122221/@hivebuzz/pum-202203-25"><img src="https://images.hive.blog/64x128/https://i.imgur.com/JIdWpzd.png"></a></td><td><a href="/hive-122221/@hivebuzz/pum-202203-25">Hive Power Up Month - Feedback from February day 25</a></td></tr><tr><td><a href="/nftforpeace/@hivebuzz/nft-for-peace"><img src="https://images.hive.blog/64x128/https://i.imgur.com/tBCp4ps.png"></a></td><td><a href="/nftforpeace/@hivebuzz/nft-for-peace">Introducing NFT for Peace</a></td></tr></table> ###### Support the HiveBuzz project. [Vote](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22199%22%5D&approve=true) for [our proposal](https://peakd.com/me/proposals/199)!
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Wow, the overview was fantastic and great
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