Connect with us

Uncategorized

Token vs Coin: What’s the Difference? | IDOs News

Avatar

Published

on

Token vs Coin: What’s the Difference? | IDOs News


Crypto coins and tokens are two common but distinct types of crypto. Let’s explore the distinctions, creation processes, and roles within the crypto ecosystem.

 

Crypto coins and tokens are two commonly used but distinct types of digital assets. Both can be accepted as payments via a crypto payment gateway. It’s essential to learn their differences to understand the principles of the cryptocurrency world. This guide aims to clarify the distinctions between coin vs token, their creation processes, and their roles within the crypto ecosystem.

 

What is a Crypto Coin?

 

Crypto coins are digital assets that use their own blockchain networks. This means they are separate from other cryptocurrencies and fiat currencies. Most crypto coins are used as money to buy and sell things, and they can also be stored as investments, like gold or stocks.

 

How are Crypto Coins Created?

 

The production of cryptocurrencies follows the instructions coded into the algorithms of their underlying blockchains. For example, Bitcoin is created using the Proof of Work (PoW) method. In contrast, Ethereum, another well-known cryptocurrency, has switched from PoW to a Proof of Stake (PoS) system for issuing new coins.

 

Examples of Popular Crypto Coins

 

   Bitcoin

The pioneer of cryptocurrencies, BTC remains the most renowned and widely accepted digital currency, known for its decentralized nature and robust security features.

 

   Ethereum

ETH serves as both a medium of exchange and fuel for executing smart contracts and decentralized applications (dApps).

 

   Binance Coin

BNB is utilized within the Binance ecosystem for discounted trading fees, participation in token sales, and access to various services.

 

   Dogecoin

DOGE, inspired by the popular Doge meme, gained traction for its community-driven and light-hearted approach.

 

What is a Crypto Token?

 

Crypto tokens are assets hosted on existing blockchain networks and typically represent secondary assets within their respective ecosystems. They rely on blockchains supporting smart contract functionality, enabling the creation of programmable assets with specific use cases.

 

Types of Crypto Tokens

 

There are four main types of tokens:

 

   Utility Token

Provide access to specific functionalities or services within a platform.

   Governance Token

Grant holders voting rights over protocol changes and community governance.

   Security Token

Digitally represent securities such as bonds or real estate. Equity token is another example.

   Non-Fungible Token (NFT)

Certify ownership of digital collectibles, art, music, and other unique assets on the blockchain.

 

How are Crypto Tokens Created?

 

Tokens are typically pre-mined, allowing developers to create various economic models. Using smart contracts, developers establish the total supply upon creation, while the circulating supply dynamics are determined by the chosen model.

 

Examples of Popular Crypto Tokens

 

   Tether

USDT is the largest stablecoin, tethered to the value of the US dollar.

 

   Uniswap

UNI serves as the governance token for the Uniswap protocol, which is a decentralized exchange facilitating token swaps.

 

   Arbitrum

ARB functions as the governance token for Arbitrum, a layer-two blockchain solution for Ethereum.

 

The Key Differences Between Tokens and Coins

 

While tokens are easier to create, they generally have lower trading volumes. In contrast, coins tend to have larger trading volumes and greater liquidity.

 

Use Cases and Purpose

 

For example, Bitcoin initially emerged as an alternative to traditional fiat currencies, aiming to serve various purposes similar to paper money and coins. This includes storing value, facilitating exchanges, making payments for goods and services, and enabling P2P transfers.

 

Crypto tokens are typically tailored for utilization within specific blockchain projects or dApps. They are not mined but created and distributed by project developers and can serve a lot of purposes within their respective ecosystems.

 

Underlying Technology

 

Coins have their own dedicated blockchain, while tokens are built on top of existing blockchain networks. Tokens also often use multiple blockchains.

 

The availability of hardware and software resources affects the methods used to acquire various types of digital assets. While cryptocurrency coins can be created through mining or staking by anyone with the necessary equipment, tokens are typically controlled by their developers or creators, who have the ability to generate the entire supply at once.

 

Supply and Distribution

 

Coins, such as Bitcoin, are created through mining, where people have to solve complex math problems to secure the network. New coins are released gradually based on a set schedule, keeping the supply under control. Tokens, on the other hand, are created by project creators and distributed through initial coin offerings (ICOs) or token sales.

 

Stablecoins: Coins or Tokens?

 

Stablecoins are a significant component of the cryptocurrency market. They are pegged to fiat currencies like the US dollar to maintain stability. Despite their name suggesting they are coins, stablecoins are technically tokens. For instance, Tether, initially an ERC-20 token, illustrates this distinction.

 

The Role of Tokens and Coins in Decentralized Finance (DeFi)

 

Coins and tokens play integral roles in DeFi, serving as the building blocks of innovative financial protocols and platforms. Let’s explore how these digital assets contribute to the decentralized ecosystem.

 

Tokens in DeFi

 

DeFi thrives on the ability of smart contracts to make different tokens work together. This allows for easy transactions and new services in finance. Tokens power many different kinds of DeFi platforms, not just exchanges.

 

Coins in DeFi

 

Digital currencies such as Bitcoin and Ethereum are essential building blocks for DeFi. They provide liquidity and value to the ecosystem. DeFi platforms use these currencies for securing loans in lending agreements, creating liquidity pools in decentralized exchanges, and so on.

 

Investing in Tokens vs Coins: What to Consider

 

From risk tolerance to investment goals, understanding the nuances between investing in tokens versus coins can significantly impact portfolio performance.

 

Liquidity and Market Capitalization

 

Generally, coins tend to have higher liquidity than tokens, as they often have larger trading volumes and more established markets. Higher liquidity can provide investors with greater flexibility and faster execution of trades. Coins with higher market capitalization typically have greater stability and are perceived as less risky investments.

 

Utility and Real-World Use Cases

 

Tokens are frequently utilized to raise funds for blockchain initiatives. Coins commonly serve as the foundational currency within a blockchain network, facilitating transactions for goods and services. However, certain tokens may also offer governance voting rights or access to unique platform features.

 

Regulatory Landscape

 

While some countries have embraced digital assets and enacted clear regulations to govern their use, others have adopted a more cautious approach or implemented outright bans. Regulatory uncertainty remains a significant challenge for investors and industry participants, influencing factors such as market accessibility, compliance requirements, and investor protection measures.

 

Future of Tokens and Coins in Web3 and Beyond

 

With the evolution of blockchain, tokens and coins will become even more important in shaping the future of Web3. Tokens will power DeFi, allowing assets to be digitized and traded. Coins will remain essential as methods of payment and for controlling blockchain platforms. Advancements like non-fungible tokens and interoperability between different blockchains will fuel the growth of the digital economy through coins and crypto tokens.

 

FAQ

 

Is Ethereum a coin or token?

ETH is the native coin of the Ethereum blockchain, functioning similarly to Bitcoin as a medium of exchange and store of value. However, Ethereum’s design allows for smart contract functionality and dApp development.

 

Can a token become a coin?

Yes, a token can evolve into a coin by migrating to its own purpose-built blockchain network.

 

Why use a token instead of a coin?

Tokens offer more flexibility for specific use cases and functionalities within a blockchain ecosystem. They are often utilized for trading and accessing unique features or services, while coins primarily serve as investment or transactional assets.

Image source: Shutterstock


Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

Advantages of Mobile Apps in Gambling: The Example of Pin Up App | IDOs News

Avatar

Published

on

Advantages of Mobile Apps in Gambling: The Example of Pin Up App | IDOs News


By Terry Ashton, updated August 31, 2024

Online gambling is going mobile — over 50% of players are already playing casino games on their mobile devices, and their number is expected to grow further. But does a mobile app have actual advantages over browser-based play? We decided to do more profound research by accessing and trying gambling on a desktop browser, mobile browser, and the app. That allowed us to distinguish casino mobile applications’ key benefits and drawbacks. If you’re considering using one, just keep reading — we will share some helpful insights below. 

Benefits of Mobile Play at Pin Up Casino

The rise of online gambling happens for multiple reasons, including the following ones: 

  • Ultimate accessibility. You can access the app anywhere, even on the go. You don’t need to take additional actions — the casino opens with just one click. 
  • Lower Internet requirements, offline play. If you play for fun, you can do it even without an Internet connection. If you prefer to play real money, the requirements for an Internet connection will still be much lower because most data is already downloaded to your device. 
  • Push notifications. You can immediately learn about the new top promotions and the hottest games without checking your email. 
  • Special bonuses. Sometimes, special bonuses are granted to mobile players. Some casinos may add them occasionally to encourage players to play on apps. 
  • The same game selection. If a casino is modern and cooperates with top providers, all games will be compatible with mobile devices. For instance, if you play at Pin Up casino online, you can access the same collection of games. That goes not only for slots but also for live games, table games, etc. 
  • Higher security standards. The app is protected even better than the site. Data is encrypted, and the chance that anyone will access your account is close to zero. 

Registration also goes smoothly. Once you sign up on the browser or app, you can access the platform with just one click by entering your Pin Up login and password. 

Considering the Cons: Potential Drawbacks of Using a Pin-Up Mobile App 

Nothing is perfect, and neither are casino apps. Gamblers should also consider the drawbacks, and the most common ones are as follows: 

  • Installing software is a must. You need to install the software on your phone. It’s safe if it’s the official casino site and a good product. However, clicking on the wrong link and downloading the wrong APK file may result in problems. 
  • Battery drain and storage space. It’s no secret that charging the phone all the time is annoying, and innovative slots with top graphics may drain your battery quickly. Also, though most apps don’t take much space (in the case of Pin Up, it’s just about 100 Mb), they still require more effort to manage it. 
  • Compatibility requirements. Any app will have technical requirements, and most aren’t compatible with old mobile devices and tablets. Also, you’ll need to install updates quite regularly. 
  • Smaller screen. This is a disadvantage for those who prefer playing on larger screens, particularly those who prefer live dealer games. 

Do the pros outweigh the cons for you? If yes, the mobile app will boost your experience. If not, browser play may be a better option. 

Final Thoughts: The App vs. Browser Play at Pin-Up Casino

Technology is shaping the industry. Nowadays, there’s no such significant difference between playing on a mobile app and a mobile or desktop browser. You get the same game selection, the same bonuses, and the same smooth experience. So, it’s a matter of taste. Choose what will work best for you and enjoy your play.


Continue Reading

Uncategorized

NVIDIA Introduces Fast Inversion Technique for Real-Time Image Editing | IDOs News

Avatar

Published

on

NVIDIA Introduces Fast Inversion Technique for Real-Time Image Editing | IDOs News




Terrill Dicki
Aug 31, 2024 01:25

NVIDIA’s new Regularized Newton-Raphson Inversion (RNRI) method offers rapid and accurate real-time image editing based on text prompts.





NVIDIA has unveiled an innovative method called Regularized Newton-Raphson Inversion (RNRI) aimed at enhancing real-time image editing capabilities based on text prompts. This breakthrough, highlighted on the NVIDIA Technical Blog, promises to balance speed and accuracy, making it a significant advancement in the field of text-to-image diffusion models.

Understanding Text-to-Image Diffusion Models

Text-to-image diffusion models generate high-fidelity images from user-provided text prompts by mapping random samples from a high-dimensional space. These models undergo a series of denoising steps to create a representation of the corresponding image. The technology has applications beyond simple image generation, including personalized concept depiction and semantic data augmentation.

The Role of Inversion in Image Editing

Inversion involves finding a noise seed that, when processed through the denoising steps, reconstructs the original image. This process is crucial for tasks like making local changes to an image based on a text prompt while keeping other parts unchanged. Traditional inversion methods often struggle with balancing computational efficiency and accuracy.

Introducing Regularized Newton-Raphson Inversion (RNRI)

RNRI is a novel inversion technique that outperforms existing methods by offering rapid convergence, superior accuracy, reduced execution time, and improved memory efficiency. It achieves this by solving an implicit equation using the Newton-Raphson iterative method, enhanced with a regularization term to ensure the solutions are well-distributed and accurate.

Comparative Performance

Figure 2 on the NVIDIA Technical Blog compares the quality of reconstructed images using different inversion methods. RNRI shows significant improvements in PSNR (Peak Signal-to-Noise Ratio) and run time over recent methods, tested on a single NVIDIA A100 GPU. The method excels in maintaining image fidelity while adhering closely to the text prompt.

Real-World Applications and Evaluation

RNRI has been evaluated on 100 MS-COCO images, showing superior performance in both CLIP-based scores (for text prompt compliance) and LPIPS scores (for structure preservation). Figure 3 demonstrates RNRI’s capability to edit images naturally while preserving their original structure, outperforming other state-of-the-art methods.

Conclusion

The introduction of RNRI marks a significant advancement in text-to-image diffusion models, enabling real-time image editing with unprecedented accuracy and efficiency. This method holds promise for a wide range of applications, from semantic data augmentation to generating rare-concept images.

For more detailed information, visit the NVIDIA Technical Blog.

Image source: Shutterstock



Continue Reading

Uncategorized

AMD Radeon PRO GPUs and ROCm Software Expand LLM Inference Capabilities | IDOs News

Avatar

Published

on

AMD Radeon PRO GPUs and ROCm Software Expand LLM Inference Capabilities | IDOs News




Felix Pinkston
Aug 31, 2024 01:52

AMD’s Radeon PRO GPUs and ROCm software enable small enterprises to leverage advanced AI tools, including Meta’s Llama models, for various business applications.





AMD has announced advancements in its Radeon PRO GPUs and ROCm software, enabling small enterprises to leverage Large Language Models (LLMs) like Meta’s Llama 2 and 3, including the newly released Llama 3.1, according to AMD.com.

New Capabilities for Small Enterprises

With dedicated AI accelerators and substantial on-board memory, AMD’s Radeon PRO W7900 Dual Slot GPU offers market-leading performance per dollar, making it feasible for small firms to run custom AI tools locally. This includes applications such as chatbots, technical documentation retrieval, and personalized sales pitches. The specialized Code Llama models further enable programmers to generate and optimize code for new digital products.

The latest release of AMD’s open software stack, ROCm 6.1.3, supports running AI tools on multiple Radeon PRO GPUs. This enhancement allows small and medium-sized enterprises (SMEs) to handle larger and more complex LLMs, supporting more users simultaneously.

Expanding Use Cases for LLMs

While AI techniques are already prevalent in data analysis, computer vision, and generative design, the potential use cases for AI extend far beyond these areas. Specialized LLMs like Meta’s Code Llama enable app developers and web designers to generate working code from simple text prompts or debug existing code bases. The parent model, Llama, offers extensive applications in customer service, information retrieval, and product personalization.

Small enterprises can utilize retrieval-augmented generation (RAG) to make AI models aware of their internal data, such as product documentation or customer records. This customization results in more accurate AI-generated outputs with less need for manual editing.

Local Hosting Benefits

Despite the availability of cloud-based AI services, local hosting of LLMs offers significant advantages:

  • Data Security: Running AI models locally eliminates the need to upload sensitive data to the cloud, addressing major concerns about data sharing.
  • Lower Latency: Local hosting reduces lag, providing instant feedback in applications like chatbots and real-time support.
  • Control Over Tasks: Local deployment allows technical staff to troubleshoot and update AI tools without relying on remote service providers.
  • Sandbox Environment: Local workstations can serve as sandbox environments for prototyping and testing new AI tools before full-scale deployment.

AMD’s AI Performance

For SMEs, hosting custom AI tools need not be complex or expensive. Applications like LM Studio facilitate running LLMs on standard Windows laptops and desktop systems. LM Studio is optimized to run on AMD GPUs via the HIP runtime API, leveraging the dedicated AI Accelerators in current AMD graphics cards to boost performance.

Professional GPUs like the 32GB Radeon PRO W7800 and 48GB Radeon PRO W7900 offer sufficient memory to run larger models, such as the 30-billion-parameter Llama-2-30B-Q8. ROCm 6.1.3 introduces support for multiple Radeon PRO GPUs, enabling enterprises to deploy systems with multiple GPUs to serve requests from numerous users simultaneously.

Performance tests with Llama 2 indicate that the Radeon PRO W7900 offers up to 38% higher performance-per-dollar compared to NVIDIA’s RTX 6000 Ada Generation, making it a cost-effective solution for SMEs.

With the evolving capabilities of AMD’s hardware and software, even small enterprises can now deploy and customize LLMs to enhance various business and coding tasks, avoiding the need to upload sensitive data to the cloud.

Image source: Shutterstock



Continue Reading

Trending