🔢 Crypto Basics | Native Coins and Tokens
· Definition: You need to pay gas fees in the chain’s native coin to transfer any token on that chain. If your address doesn’t contain any native coin, you won’t be able to make the transfer.
· How to understand it: Native coins are recorded and issued by the consensus rules themselves, while token balances are recorded in the contract that issued them. The issuance rules depend on how the contract code is written.
· Reminder: Keep a small amount of the native coin in your address to pay gas fees, so your tokens don’t get stuck and become impossible to move.
$ETH 2412.39（-0.73%）
#ETH
· Definition: You need to pay gas fees in the chain’s native coin to transfer any token on that chain. If your address doesn’t contain any native coin, you won’t be able to make the transfer.
· How to understand it: Native coins are recorded and issued by the consensus rules themselves, while token balances are recorded in the contract that issued them. The issuance rules depend on how the contract code is written.
· Reminder: Keep a small amount of the native coin in your address to pay gas fees, so your tokens don’t get stuck and become impossible to move.
$ETH 2412.39（-0.73%）
#ETH