Crypto Basics | Native Coins and Tokens
What they are: Wrapped tokens map an asset 1:1 to another chain or standard. For example, WBTC is an ERC-20 token on Ethereum that represents Bitcoin.
How they work: Native coins are recorded and issued by the protocol itself, while token balances are recorded in the corresponding contract, with the rules determined by the contract code.
Note: Keep a small amount of native coin in your wallet for gas fees, so your tokens don’t get stuck and become impossible to transfer.
$ETH 2243.87(-1.97%)
Just use this as a reference; don’t believe everything.
What they are: Wrapped tokens map an asset 1:1 to another chain or standard. For example, WBTC is an ERC-20 token on Ethereum that represents Bitcoin.
How they work: Native coins are recorded and issued by the protocol itself, while token balances are recorded in the corresponding contract, with the rules determined by the contract code.
Note: Keep a small amount of native coin in your wallet for gas fees, so your tokens don’t get stuck and become impossible to transfer.
$ETH 2243.87(-1.97%)
Just use this as a reference; don’t believe everything.