What is meta coin?

Meta coins are a type of altcoin that operates within the framework of another coin or cryptocurrency platform. They are essentially tokens that are issued on the ledger of a pre-existing blockchain or ledger system.

One of the key features of meta coins is their ability to transact on top of an existing network. This means that they can leverage the security, scalability, and functionality of the underlying blockchain or ledger, while offering unique features and functionalities of their own.

Ripple, Mastercoin, Ethereum, and NXT are examples of standalone blockchains or ledgers that support the issuance of Meta coins. These platforms provide a robust infrastructure for the creation and trading of new tokens, enabling developers and entrepreneurs to build innovative projects and applications.

One of the most popular and successful examples of a meta coin is Ethereum. Ethereum's smart contract functionality allows for the creation of decentralized applications (dApps) and tokens that can be traded on the Ethereum network. This has led to the emergence of a thriving ecosystem of Ethereum-based projects and tokens.

Meta coins can offer several advantages over traditional cryptocurrencies. For example, they can be tailored to specific use cases, enabling developers to create tokens that are optimized for specific industries or applications. Additionally, Meta coins can be easily integrated into existing systems and platforms, making them more accessible and user-friendly.