Cryptocurrencies basically refer to the native assets of a blockchain network.

What is COIN?

You can trade cryptocurrencies or use them as a medium of exchange or even as a store of value. The basic definition of cryptocurrencies is a major highlight of crypto vs. token comparisons. You will notice how the blockchain network protocol itself issues cryptocurrencies, which serve as the native currency of the blockchain network. Aside from being the most popular way to pay for transaction fees on the blockchain, cryptocurrencies also play an important role in other ways.