Cryptocurrency Q&A
Why do blockchains need tokens?
Why do blockchains need tokens?
InfinityRider
Wed Nov 27 2024
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7 answers
1762
I'm curious about the role of tokens in blockchain technology. Why is it necessary for blockchains to have tokens? What purpose do they serve in this decentralized system?
7 answers
DondaejiDelight
Fri Nov 29 2024
In contrast, crypto tokens are not standalone blockchain entities.
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DreamlitGlory
Fri Nov 29 2024
Cryptocurrencies possess their own blockchain where they serve as the native asset.
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CryptoEmpireGuard
Thu Nov 28 2024
Crypto tokens play a crucial role in facilitating transactions on the blockchain.
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Michele
Thu Nov 28 2024
They serve as a digital representation of value and utility.
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Sara
Thu Nov 28 2024
Instead, they are built upon an existing blockchain platform.
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