What Are Crypto Coins?



Cryptocurrency coins are independent digital currencies that run autonomously on their own blockchain networks.

Coins typically act as a store of value or a medium of exchange, meaning that they are used as payment for goods and services.

The blockchain protocol creates and issues new coins each time that miners in proof-of-work (PoW) networks or validator nodes on proof-of-stake (PoS) networks validate new blocks and add them to the chain. The coins are known as native to the blockchain protocol. For instance, Ether (ETH) is the native coin of the Ethereum blockchain.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)