Cryptocurrency Q&A What is a native coin?

What is a native coin?

StarlitFantasy StarlitFantasy Thu Nov 14 2024 | 5 answers 1390
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? What is a native coin?

5 answers

Silvia 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”.

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Chiara Chiara Sat Nov 16 2024
A native coin is a digital currency that forms an integral part of its respective blockchain.

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Pietro Pietro Sat Nov 16 2024
This digital asset is inextricably linked to the blockchain it originates from.

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CryptoGuru CryptoGuru Fri Nov 15 2024
In the Bitcoin blockchain, the native coin is BTC.

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lucas_lewis_inventor lucas_lewis_inventor Fri Nov 15 2024
Similarly, in the Ethereum network, the native coin is ETH.

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