Absolutely! Not every cryptocurrency has its own blockchain. Some, like Bitcoin or Ethereum, operate on independent blockchains, meaning they maintain their own distributed ledger, network security, and consensus mechanisms. These blockchains are foundational, allowing each cryptocurrency to operate autonomously. However, many newer cryptocurrencies, often called tokens, are built on existing blockchains, such as ERC-20 tokens on Ethereum, leveraging the underlying infrastructure without creating a separate blockchain.

For businesses exploring Cryptocurrency Development, understanding this distinction is crucial. Building a new blockchain requires significant technical expertise and resources, while creating a token on an existing blockchain can be faster and cost-effective. Choosing the right approach impacts scalability, security, and the long-term success of a project.

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