Cryptocurrency Q&A What is a native token?

What is a native token?

Michele Michele Sun Jun 23 2024 | 7 answers 1641
I don't understand this question. Could you please assist me in answering it? What is a native token?

7 answers

CryptoDynasty CryptoDynasty Tue Jun 25 2024
Native tokens serve as the fundamental digital currency of a blockchain.

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SsangyongSpiritedStrengthCourage SsangyongSpiritedStrengthCourage Tue Jun 25 2024
Each blockchain possesses its unique native coin.

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Riccardo Riccardo Tue Jun 25 2024
This native coin is employed to reward miners and validators for their contributions to the blockchain.

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CryptoPioneer CryptoPioneer Tue Jun 25 2024
Specifically, miners and validators are rewarded with the native coin when they successfully add blocks to the blockchain.

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CryptoEmpireGuard CryptoEmpireGuard Mon Jun 24 2024
Additionally, the native coin is used for payments within the blockchain ecosystem.

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