Does every blockchain need a token?

No but in general, public permissionless blockchains prefer tokens for some real benefits : One is that tokens can be utilized to prevent network attacks. If you have to spend some tokens for each transaction, than it is very unlikely that you’d spend millions of tokens for attacking the honest nodes to fail them.

Read more

Is Ethereum a coin?

What Is Ethereum? Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency , called ether, or ETH, or simply ethereum. The distributed nature of blockchain technology is what makes the Ethereum platform secure, and that security enables ETH to accrue value.

Read more

Is BTC a coin or token?

Bitcoin was the first ever crypto coin as it has clear features that define a crypto coin and separate it from crypto token. These are: Crypto coins operate on blockchains: It means that a blockchain keeps track of all transactions that involve its native crypto coin.

Read more