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> That's laughably wrong, go look up how much revenue the Ethereum network is bringing in with smart contract fees. Nobody is using the compute power, though.

by fao_ 6y ago

> That's laughably wrong, go look up how much revenue the Ethereum network is bringing in with smart contract fees. Nobody is using the compute power, though. Can you point to what they are using it for, if you have an example?

thebean11 6y ago
What do you mean by compute power? Smart contracts (which run on-chain code) pay fees for each command they execute. The most popular smart contracts are token exchanges and DeFi (ie crypto backed loans). Having trouble finding the total smart contract revenue, but this article has examples of the top few, and gives an idea of their usage patterns: https://medium.com/@vikati/ranking-ethereum-smart-contracts-a27e6f622ac6 https://medium.com/@vikati/ranking-ethereum-smart-contracts-...