What are the differences between coin and token?

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Can somebody tell me the difference between coin token and protocol??

From the readings I have the following conclusion: ethereum is a protocol, ERC20 is a token, ETH is a coin.
Am I right??
Apr 7, 2018 in Blockchain by Christine
• 15,790 points
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1 answer to this question.

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Best answer

Coins are cryptocurrencies that are independent and operate inpedently from any other platform. They are stand-alone
crypto currencies.
Ex: Bitcoin, Litecoin, Ethereum.

Tokens are dependent on other platforms and need other platforms(such as etheruem) to operate.
Ex: Augur, Omisego, golem.

You can see in the below image the list of Tokens and the platform they are dependent on,
(Source: https://coinmarketcap.com/tokens/views/all/)

answered Jul 17, 2018 by Sahil

selected Aug 6, 2018 by Omkar

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