Ethereum Q&A: 'Coin' and 'token' Terminology
Channel: aantonop
Date: 2018-10-21

What are meta-coins vs. coloured coins? Can anyone create their own ‘coins’ using Ethereum? What is the difference between ‘coins,’ ‘tokens,’ and ‘altcoins'? What is the difference between smart contracts on Ethereum and on Bitcoin?

More on colored coins in Chapter 12: https://github.com/bitcoinbook/bitcoinbook/blob/f8b883dcd4e3d1b9adf40fed59b7e898fbd9241f/ch12.asciidoc

Chapters
0:00 Is a colored coin a meta-coin?
1:33 How would the colored coin appear on a blockchain? Can a transaction with a colored coin be distinguished?
3:06 Is the genesis transaction part of the genesis block?
3:58 What is the difference between coins and tokens? Can the difference be defined in layman terms?
5:19 Can anyone create their own coins using Ethereum?
6:21 How were Ripple and Litecoin created?
7:40 Do you think building smart contract functionality on Bitcoin would make Vitalik blush? Are you aware of any smart contract protocols allowing the creation of tokens secured to Bitcoin's blockchain? Now that the Lightning Network is taking root, could this be built upon to offer decentralized, permissionless token issuance, while combining Bitcoin's high security with Lightning's microtransactions and low execution costs?

These questions are from the MOOC 9.6 and 9.7 sessions, and the (late) August monthly Patreon session, which took place on March 23rd, March 30th, and September 1st 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

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