Native Asset
The primary built-in currency of a blockchain used for fees, incentives, and security.
A native asset is the base currency of a blockchain (e.g., BCH on Bitcoin Cash) issued and accounted for by the chain itself. It pays transaction fees and incentivizes validators/miners.
"BCH is the native asset of the Bitcoin Cash network and is required to pay transaction fees."
Native assets secure the network by rewarding miners/validators, enable economic activity via payments, and often serve as the unit of account for on-chain protocols.
"Miners receive BCH block rewards and fees, aligning incentives to maintain the network."
Related Terms
Layer-1
→Layer-1 refers to the base blockchain layer that provides consensus, data availability, and settlement for transactions and smart contracts.
Mainnet
→Mainnet is the live, production blockchain where real-value transactions occur, as opposed to test networks.
Token
→Tokens are programmable digital assets residing on a blockchain, often representing a variety of tangible and intangible assets.
All terms and definitions may update as the Cryptionary improves.
