Term

Native Asset

The primary built-in currency of a blockchain used for fees, incentives, and security.

Type:
token
layer-1
1
basic

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.

Example 1.1

"BCH is the native asset of the Bitcoin Cash network and is required to pay transaction fees."

2
utility

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.

Example 2.1

"Miners receive BCH block rewards and fees, aligning incentives to maintain the network."

All terms and definitions may update as the Cryptionary improves.