Native tokens are the primary cryptocurrencies of blockchain networks, serving as the foundation of their ecosystems. Below is a detailed explanation of the top 20 native tokens, focusing on their utility, significance, and network highlights:
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1. Bitcoin (BTC)
Blockchain: Bitcoin Network
Purpose: Digital gold; peer-to-peer electronic cash system.
Utility:
Store of value
Medium of exchange
Securing the network via mining (Proof of Work).
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2. Ethereum (ETH)
Blockchain: Ethereum Network
Purpose: Smart contract and decentralized application platform.
Utility:
Gas fees for transactions and smart contract execution
Staking to secure the network (Proof of Stake).
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3. Binance Coin (BNB)
Blockchain: BNB Chain
Purpose: Utility token for the Binance ecosystem.
Utility:
Transaction fees on Binance exchange
Gas fees on BNB Chain
Token staking and DeFi applications.
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4. Solana (SOL)
Blockchain: Solana Network
Purpose: High-performance blockchain for decentralized applications and crypto projects.
Utility:
Transaction fees
Staking for network security.
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5. Cardano (ADA)
Blockchain: Cardano Network
Purpose: Sustainable blockchain focused on scalability and academic research.
Utility:
Staking to secure the network
Transaction fees for smart contracts and transfers.
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6. XRP (XRP)
Blockchain: XRP Ledger
Purpose: Fast and cost-effective cross-border payments.
Utility:
Transaction fees on the XRP Ledger
Bridge currency for liquidity in global payments.
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7. Dogecoin (DOGE)
Blockchain: Dogecoin Network
Purpose: Meme-based cryptocurrency.
Utility:
Peer-to-peer transactions
Tipping and community-driven initiatives.
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8. Polygon (MATIC)
Blockchain: Polygon Network
Purpose: Ethereum scaling solution.
Utility:
Gas fees on the Polygon network
Staking to secure the network.
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9. Polkadot (DOT)
Blockchain: Polkadot Network
Purpose: Interoperability between blockchains.
Utility:
Bonding for parachains
Governance and staking.
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10. Avalanche (AVAX)
Blockchain: Avalanche Network
Purpose: Scalable blockchain for decentralized applications.
Utility:
Transaction fees
Staking for network security.
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11. Litecoin (LTC)
Blockchain: Litecoin Network
Purpose: Faster and cheaper alternative to Bitcoin.
Utility:
Peer-to-peer transactions
Store of value.
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12. Tron (TRX)
Blockchain: Tron Network
Purpose: Decentralized content sharing and entertainment.
Utility:
Transaction fees
Staking and governance.
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13. Cosmos (ATOM)
Blockchain: Cosmos Network
Purpose: Blockchain interoperability.
Utility:
Staking to secure the network
Governance voting.
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14. Chainlink (LINK)
Blockchain: Ethereum and others
Purpose: Oracle services connecting smart contracts with real-world data.
Utility:
Payments for oracle services.
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15. Stellar (XLM)
Blockchain: Stellar Network
Purpose: Cross-border payments and token issuance.
Utility:
Transaction fees
Bridge currency in payments.
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16. Near Protocol (NEAR)
Blockchain: NEAR Network
Purpose: Developer-friendly blockchain for scalable applications.
Utility:
Transaction fees
Staking for network security.
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17. VeChain (VET)
Blockchain: VeChainThor
Purpose: Supply chain tracking and enterprise solutions.
Utility:
Gas for transactions
Staking rewards.
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18. Algorand (ALGO)
Blockchain: Algorand Network
Purpose: Scalable blockchain for decentralized applications.
Utility:
Transaction fees
Staking to secure the network.
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19. Tezos (XTZ)
Blockchain: Tezos Network
Purpose: Self-amending blockchain with a focus on governance.
Utility:
Transaction fees
Governance and staking.
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20. BitTorrent Token (BTTC)
Blockchain: BitTorrent Chain
Purpose: Decentralized file-sharing protocol.
Utility:
Transaction fees on BitTorrent Chain
Incentivizing file-sharing and network usage.
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Summary
Each native token has its distinct purpose, ranging from payments, governance, and staking to enabling decentralized applications and cross-chain solutions. Understanding these tokens' utilities can help investors make informed decisions.