What Is a Coin?
A coin is a cryptocurrency that operates on its own independent blockchain. Unlike tokens, which are guest assets on other networks, a coin is the fundamental foundation of its specific ecosystem. For example, Bitcoin (BTC) is the coin of the Bitcoin blockchain, and Ether (ETH) is the coin of the Ethereum blockchain.
Coins are primarily used as a medium of exchange and as a way to pay transaction fees on their respective networks. Without the native coin, the blockchain cannot function, as there would be no incentive to maintain the ledger. Coins are also used for governance, staking, and as a primary store of value within their respective environments.
Most coins are mineable or stakeable, meaning new coins are issued as rewards for participants who help validate transactions and maintain network security. Coins can also be transferred between users as a form of digital money, often without intermediaries.
How KAST Utilizes Coins
KAST focuses on the intersection of coins and tokens; while you use native coins like SOL or ETH to pay for the underlying network fees, KAST allows you to spend stablecoin for your everyday purchases. By combining the power of secure coins with the stability of supported tokens, KAST makes crypto spending practical for the real world.
