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Help me with terminology please

Etherum Reddit

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Ethereum is where smart contracts in crypto were invented correct?

I have always sort of understood what they are but not completely. These other tokens on Ethereum like a gaming coin like axie infinity or any of the hot AI Coin’s are basically smart contracts that have been given their own tokens?

Bitcoin and XRP have way smaller ecosystems because they don’t have smart contracts so they don’t have a reason to have all those tokens?

If this is correct, are smart contracts always tokenized? Or are there smart contracts that can be carried out in Ethereum alone?

submitted by /u/MLG_Boogaloo
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