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Preface

The world we seen by now is a different world by couple years ago, the world we live by now is the world within full competed in every aspects we turned. As one of them are the technology, many countries has many different types/kinds of their icon to show, and many other who didn't.

When we talk about technology, what we saw by this time is totally different than you already seen 10 years ago, this time is modern technology as the golden age for many IT experts to show. #Smartdevices, #HybridVehicle, #Nanotechnology, #Cryptocurrency, and #Internetusecase are a part of this modern advance technology issues. By the most popular one who already became as the hottest topics worldwide is the cryptocurrency (Yup! everything what closed to financial usecase will be popular as well), Cryptocurrency already talked about worldwide as #Bitcoin as the first cryptocurrency who hit the public opinion to be more interested. Bitcoin become as the first cryptocurrency who made its traces succeed in public, followed by another cryptocurrency such as #Ethereum, #Litecoin, and etc.

What is Cryptocurrency?

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Talking about cryptocurrency isn't the new topic to discuss, cause it was performed since a long time ago, as the history recorded that the use of crypto was applied in military and goverment use case by the technology of cryptograph to secured the code & message in world war II. So, talking about crypto is the most interesting topic while we knew that this time the crypto as we knew conducted in cryptocurrency use case as payment method, digital assets and many features more.

Cyrptocurrency is a digital number which is performed the following functions (Payment, Method, Project and etc) though its use case types, as Bitcoin become as the peer to peer digital assets in the internet world replace the use of money for certain transactions. As we know that cryptocurrency isn't only Bitcoin, but there are many following as mentioned above, and all these cryptocurrency except Bitcoin stated as the Altcoin (Alternative Coins) from Bitcoin, Ethereum, Litecoin, Ripple and etc is the Altcoins within cryptocurrency family. Since, we knew that the Altcoins (Coin) is the cryptocurrency except Bitcoin, there are another one who also popular within the cryptocurrency as its called by Tokens. To be reminded that the coin and token still categorized within cryptocurrency use-case.

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We know that Cryptocurrencies are digital or virtual currencies that are encrypted (secured) using cryptography techniques. The cryptography itself refers to the use of encryption techniques in securing and verify the transfer of transactions. As Bitcoin represents the first decentralized cryptocurrency who made its traces succeed in many public opinion. Bitcoin is powered by a public ledger that records and validates all transactions chronologically on the big giant digital book system, called the Blockchain. Here’s an overview of how the blockchain works:

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We can see that the Blockchain works is to validate and keep all those actions in one log as it transparant that everyone can access to watch the calculation of transaction and etc. We know within the Blockchain world the place for all cryptocurrency system working. Such as the coins or token transactions, but what is the function of the coin and token? to make it more specifics lets headed to discussion below.

The Differences Between Coin & Token?

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Coin and Token categorized into cryptocurrency family, so both of term related to the use case of cryptocurrencies system, as the Altcoins (Coin) and Token are build within the Blockchain system, or main coin they adopted whereas to performed many functions (Exchange, Trade, Project, Contract and etc). The characteristic between both of terms related similar to the first cryptocurrency (Bitcoin) network system. But what is the differences between coins and tokens:

Coins (Altcoin)

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The other Coins from Bitcoin is categorized to Alternatice Coins (Altcoins) to make it more differences in all system and network. The use of coins is interchangeably. As we know that the Altcoins is other coins to Bitcoin performed similar functions, system such as the variant (fork) (fork) of Bitcoin, built using Bitcoin’s open-sourced, original protocol with changes to its underlying codes, therefore conceiving an entirely new coin with a different set of features.

A central concept of modifying open source codes to create new coins is called hardforks, which is further explained in this article. Some examples of altcoins that are variants of Bitcoin’s codes are Namecoin, Peercoin, Litecoin, Dogecoin and Auroracoin. (Read also: Bitcoin’s Civil War: How and Why?)
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The Altcoins (coins) is the currency which is built on the variant system to Bitcoin, as also by this time most of coins expand their network system to its own system (Blockchain) such as Ethereum (Etherscan) and many other more.

Tokens

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Token is the part of currency which is created to performed the Initial Coin Offering/Initial Public offering (ICO/IPO), as the smart contract, we know that this case is in developing or announcing of the new company, several project or etc. By the time the tokens launched on the markets, its will make its value more details. Many investor are interested within Tokens cause they knew that the value of coins will be profits once its project remain succeed.

Final Thought

We know that the Altcoin and token are catergorized within cryptocurrency family, but the only make it differences is by its function, structure and system. The Altcoins is coin which is worked on their own blockchain, beside token is worked on certain coins network system (Separate Blockchain eg: Etherscan, and etc.)