📋 Crypto Basics | Native Coins and Tokens
· Key point: BNB was first issued in 2017 as an ERC-20 token on Ethereum. In 2019, it migrated to the mainnet of Binance Chain, which had launched at the time, and became a native coin.
· How it works: Native coins are recorded and issued directly according to consensus rules, while token balances are recorded in the smart contract that issued them, with the rules determined by the contract code.
· In practice: Remember to keep a little native coin in your address for transaction fees, so your tokens don’t get stuck.
$ETH 2410.26（-1.1%）
#ETH
· Key point: BNB was first issued in 2017 as an ERC-20 token on Ethereum. In 2019, it migrated to the mainnet of Binance Chain, which had launched at the time, and became a native coin.
· How it works: Native coins are recorded and issued directly according to consensus rules, while token balances are recorded in the smart contract that issued them, with the rules determined by the contract code.
· In practice: Remember to keep a little native coin in your address for transaction fees, so your tokens don’t get stuck.
$ETH 2410.26（-1.1%）
#ETH