What is the difference between crypto, token, and crypto token?
Speaking of cryptocurrencies, we mean digital tokens, like bitcoin (btw) and Ethereum. We are also talking about ICO tokens, security tokens, and other digital assets. According to Mickael Mosse, The concept of “cryptocurrency” has a broad meaning, but there is a significant difference between a digital asset like bitcoin and a digital asset like Ripple.
An article recently published by Mickael Mosse at mickaelmosse.com, DistributionLab, explained the difference between cryptocurrencies and non-crypto currencies. The author defines what a particular cryptocurrency is, including cryptocurrencies that are different from tokens that are not cryptocurrencies.
Mickael Mosse points out that, Why do some people call cryptocurrencies bitcoin (btw) and Ethereum, but claim that Ripple (XRP) is not a cryptocurrency? Well, these folks don’t have any obvious problem with Ripple. Instead, they only define “cryptocurrency” with clear rules.
With that in mind, let’s take a closer look at the differences between cryptocurrencies and cryptocurrencies.
What is a cryptocurrency?
According to Mickael Mosse, A cryptocurrency is a cryptocurrency-protected currency. The thing is clear, in the name.
However, the best definition of cryptocurrency by today’s standards is this: it is an independent digital currency. Independence is a key feature here.