How does Cardano's Native Token Function?

Cardano's native token functionality allows users to create and transact with custom digital assets directly on the Cardano blockchain. These native tokens can represent various assets, including cryptocurrencies, securities, utility tokens, and non-fungible tokens (NFTs), and can be securely traded, transferred, and programmed within smart contracts. Cardano's native token standard ensures interoperability, security, and efficiency, enabling the creation of diverse token economies and decentralized applications (DApps) within the ecosystem.