Heroes Chained GAME UPDATES Vol #2

💁🏻‍♀️ COIN VS TOKEN, WHAT ARE THE DIFFERENCES? 1️⃣ Algorithmically 🔸 Coin is based on its own blockchain 🔸 Token is based on a smart contract of an existing blockchain 2️⃣ Convenience 🔹 Coin is seen as money or a medium of trade. It may be used to stake, validate transactions, support smart contracts, and support apps 🔹 A token is a digital representation of an item that may be traded, a point, or other thing. 3️⃣ Transaction fees 🔸 Coins can be traded without fees. 🔸 Users must pay fees to the network it is based on when trading token. 4️⃣ Security 🔹 Coin can be susceptible to a 51% attack if its network is not grown large enough. 🔹 Since token is constructed on a smart contract of an existing blockchain, making it harder to be a target of a 51% assault. ————————— 🔔ByteNext's Official Social media Website | Medium | Twitter | Telegram | Channel | Facebook | Discord

💁🏻‍♀️ COIN VS TOKEN, WHAT ARE THE DIFFERENCES? 1️⃣ Algorithmically 🔸 Coin is based on its own blockchain 🔸 Token is based on a smart contract of an existing blockchain 2️⃣ Convenience 🔹 Coin is seen as money or a medium of trade. It may be used to stake, validate transactions, support smart contracts, and support apps 🔹 A token is a digital representation of an item that may be traded, a point, or other thing. 3️⃣ Transaction fees 🔸 Coins can be traded without fees. 🔸 Users must pay fees to the network it is based on when trading token. 4️⃣ Security 🔹 Coin can be susceptible to a 51% attack if its network is not grown large enough. 🔹 Since token is constructed on a smart contract of an existing blockchain, making it harder to be a target of a 51% assault. ————————— 🔔ByteNext's Official Social media Website | Medium | Twitter | Telegram | Channel | Facebook | Discord