Crypto 101 š Native Coins and Tokens
A native coin is built into a blockchain, such as BTC on the Bitcoin network, ETH on Ethereum, and BNB on BNB Smart Chain.
The same token often has versions on multiple chains, and each chain has a different contract address.
The homepage of my study notes says: Understand it before you act.
$ETH is Ethereumās native coin. You also need $ETH to pay gas fees when transferring tokens on Ethereum.
Markets change quickly, so make your own decisions.
A native coin is built into a blockchain, such as BTC on the Bitcoin network, ETH on Ethereum, and BNB on BNB Smart Chain.
The same token often has versions on multiple chains, and each chain has a different contract address.
The homepage of my study notes says: Understand it before you act.
$ETH is Ethereumās native coin. You also need $ETH to pay gas fees when transferring tokens on Ethereum.
Markets change quickly, so make your own decisions.