What are crypto coins and tokens?

Cryptocurrencies can be classified as coins or tokens, based on how they work: A crypto coin is native to a particular blockchain and defined by the network protocol. A crypto token is built on a specific blockchain but defined by a project or contract. If that sounds too technical, here’s a simpler explanation.

What is a cryptocurrency and how does it work?

At its most basic, a cryptocurrency is a digital asset that utilizes computer code and blockchain technology to operate somewhat on its own, without the need for a central party — be that a person, company, central bank or government — to manage the system. A blockchain is a ledger which keeps track of cryptocurrency transactions.

What are crypto assets?

Crypto assets/digital assets: This is the catchall term for all of the unique assets that have sprung out of the blockchain revolution and use cryptography. Both cryptocurrencies and crypto tokens fall under this category. Cryptocurrency: These crypto assets are also called crypto coins and are those native to blockchains.

What is a native cryptocurrency?

Cryptocurrency: These crypto assets are also called crypto coins and are those native to blockchains. So for instance, bitcoin (BTC) is the native cryptocurrency of the Bitcoin blockchain and ether (ETH) is the native cryptocurrency of the Ethereum blockchain.