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Educational Byte: Using Coins and Tokens in Different Crypto Networks
Manage episode 437372933 series 3570694
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This story was originally published on HackerNoon at: https://hackernoon.com/educational-byte-using-coins-and-tokens-in-different-crypto-networks.
It isn’t uncommon anymore to handle funds across several crypto platforms, using different coins. That’s why all crypto users need to know the differences!
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #cryptocurrency-investment, #cryptocurrency-network, #tokens-vs-coins, #crypto-bridges, #distributed-ledger-technology, #obyte, #crypto-networks, #good-company, and more.
This story was written by: @obyte. Learn more about this writer by checking @obyte's about page, and for more stories, please visit hackernoon.com.
Using the same token in one network may be cheaper and faster than in another, so learning how to choose the most convenient option doesn’t hurt. Let’s use an example here with the stablecoin USD Coin (USDC) Originally, this was a token that worked on ETH only (the network, not the ETH coin), but now it is available in at least 16 more chains, including Avalanche, Celo, Flow, Polygon, and Obyte.
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