【Terminology】What’s the difference between a native coin and a token?
You also need to pay Gas fees in the chain’s native coin when transferring tokens on-chain. If your address doesn’t hold any native coin, you can’t make the transfer.
A native coin is accounted for and issued by the consensus rules themselves, while token balances are recorded in the contract that issued them, with the rules determined by the contract code.
$ETH is Ethereum’s native coin. You also need to use $ETH to pay Gas when transferring tokens on Ethereum. Currently 2359.63.
Don’t stake all your savings on a single judgment.
#ETH
This is not investment advice of any kind. Invest at your own risk.
You also need to pay Gas fees in the chain’s native coin when transferring tokens on-chain. If your address doesn’t hold any native coin, you can’t make the transfer.
A native coin is accounted for and issued by the consensus rules themselves, while token balances are recorded in the contract that issued them, with the rules determined by the contract code.
$ETH is Ethereum’s native coin. You also need to use $ETH to pay Gas when transferring tokens on Ethereum. Currently 2359.63.
Don’t stake all your savings on a single judgment.
#ETH
This is not investment advice of any kind. Invest at your own risk.