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A **simple coin** in the context of cryptocurrency refers to a basic digital asset that operates on its own blockchain and serves as a form of decentralized digital money. Unlike tokens, which are built on top of other blockchains, simple coins are native to their blockchain. Examples of simple coins include Bitcoin (BTC) and Litecoin (LTC). They are used for peer-to-peer transactions, store of value, and as a medium of exchange within their respective networks. These coins rely on cryptography for security and operate without the need for a central authority, making them part of the broader category of decentralized finance (DeFi).
