I'm trying to understand the concept of a native coin. Could someone explain what it is and how it differs from other types of coins or tokens in the cryptocurrency world?
5 answers
Silvia
Sat Nov 16 2024
It is also referred to by various names such as a “native token”, “protocol token”, “internal token”, or “embedded token”.
Chiara
Sat Nov 16 2024
A native coin is a digital currency that forms an integral part of its respective blockchain.
Pietro
Sat Nov 16 2024
This digital asset is inextricably linked to the blockchain it originates from.
CryptoGuru
Fri Nov 15 2024
In the Bitcoin blockchain, the native coin is BTC.
lucas_lewis_inventor
Fri Nov 15 2024
Similarly, in the
Ethereum network, the native coin is ETH.