Crypto FAQ | Notion

As recommended by fellow Kadet team members

What is the difference between a Coin and a Token?
Coins are funds from Layer 1 projects with their own blockchain tokens are funds from Layer 2 projects that sit on top of a blockchain for example, Kadena has a coin ($KDA) and Tech Fleet has a token ($FLEET)
What’s the difference between a Token and an NFT?
A token is a store of value, like $FLEET. An NFT is a container. You can put objects inside an NFT. NFT can contain anything from an image file (Jpeg) to a movie file (MP4)
How do I get tokens in and out of the wallet?
Tokens and coins can be transferred to/from any other compatible address simply enter the correct address, confirm the amount, and send the funds.
What is a software wallet vs. a hardware wallet vs. a paper wallet, and how are each of these used?
Crypto Wallet - A wallet provides users with a way to hold coins, tokens, and NFTs. Software wallet - A piece of software that secures crypto. Typically a browser extension, desktop app, or mobile device app. Hardware wallet - A physical device that secures crypto. Typically a device that looks like a USB pen drive. Paper wallet - A piece of paper that secures crypto. Typically a private key or secret passphrase is written onto a piece of paper.
How does Kadena's multichain protocol work, and what are the advantages?
What does EVM compatibility mean? What are the advantages?