What are coins used for?

Coins are cryptocurrencies belonging to a blockchain. They are independent of other chains and cannot be used on other chains in their native form. The use cases of coins are: Some of the most popular coins are Bitcoin, Ethereum and Dogecoin. Read also: Can Bitcoin become money?

What is a cryptocurrency coin?

The key feature of a coin is that of a currency, and the term may also be used to describe a cryptocurrency asset that is not a token. Unlike cryptocurrency tokens, coins are not intended to serve utility functions - such as to represent votes within a community or to denote storage capacity on a decentralized cloud storage.

What is the obverse of a coin called?

The obverse of a coin is commonly called heads, because it often depicts the head of a prominent person, and the reverse is known as tails . A coin is generally made of metal or an alloy, or sometimes of human-made materials. Precious metal –based coins had the advantage of carrying their value within the coins themselves.

What does a coin look like?

They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the obverse and the reverse, referring to the front and back sides, respectively.