Pools 18
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Glossary

Coin

A cryptocurrency native to its own blockchain.

A coin is a cryptocurrency that is native to its own blockchain: Bitcoin on the Bitcoin chain, Pearl on the Pearl chain. Coins are what mining produces and what pays for transaction fees on their chain.

A token, by contrast, lives on top of someone else's chain via a smart contract. Only coins on proof-of-work chains can be mined.

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