🔥 Crypto Fundamentals: Native Coins and Tokens
Native coins are accounted for and issued by the protocol itself, while token balances are recorded in the smart contracts that issue them, with the rules determined by the contract code.
Keep a little native coin in your wallet to cover Gas fees, so your tokens don’t get stuck and become unusable.
$ETH is Ethereum’s native coin. All token transfers on Ethereum require $ETH to pay Gas fees.
If you have anything to add, share it in the comments.
#ETH
Be aware of the risks and make your own decisions.
Native coins are accounted for and issued by the protocol itself, while token balances are recorded in the smart contracts that issue them, with the rules determined by the contract code.
Keep a little native coin in your wallet to cover Gas fees, so your tokens don’t get stuck and become unusable.
$ETH is Ethereum’s native coin. All token transfers on Ethereum require $ETH to pay Gas fees.
If you have anything to add, share it in the comments.
#ETH
Be aware of the risks and make your own decisions.