What is a Coin?

The definition of a digital coin is an asset that is native to its own blockchain. Think about Bitcoin, Litecoin, or Ether. Each of these coins exists on their own blockchain. So, to make this a little clearer: Bitcoin operates and functions on the Bitcoin blockchain Ether operates and functions on the Ethereum blockchain NEO operates and functions the NEO blockchain Transactions of digital coins can be made from one person to another. However, no physical coins move when you send and receive them. All the “coins” exist as data on a giant global database. This database (or blockchain) keeps track of all the transactions and is checked and verified by computers around the world.

More Updates