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Blockchain - Interview Questions
Why does Blockchain need coins or tokens?
Tokens/Coins are used as a medium of exchange between the states. They are digital assets built in to perform a specific function within a blockchain.
 
When someone does a transaction, there is a change of state, and coins are moved from one address to another address. Apart from that, transactions contain some additional data; this data can be mutated through the change of state.
 
For this reason, blockchains need coins or tokens to incentivize the participants to join their networks.
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