🔥 Crypto essentials: Native coins and tokens
Native coins are accounted for and issued directly by the protocol, while token balances are recorded in their respective contracts, with the rules determined by the contract code.
Before accepting new tokens, verify the contract address through official channels. Tokens with the same name and ticker aren’t necessarily the same token.
$ETH is Ethereum’s native coin. Transfers of tokens on Ethereum require $ETH to pay Gas. Currently: 2425.53.
What other topics would you like to see? Let me know in the comments.
#ETH
Native coins are accounted for and issued directly by the protocol, while token balances are recorded in their respective contracts, with the rules determined by the contract code.
Before accepting new tokens, verify the contract address through official channels. Tokens with the same name and ticker aren’t necessarily the same token.
$ETH is Ethereum’s native coin. Transfers of tokens on Ethereum require $ETH to pay Gas. Currently: 2425.53.
What other topics would you like to see? Let me know in the comments.
#ETH