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How is that different from mining ETH, which is basically running others' programs (smart contracts) in exchange for ETH.
by Galanwe 6y ago
How is that different from mining ETH, which is basically running others' programs (smart contracts) in exchange for ETH.
- randalluk 6y agoEvery Ethereum smart contact is validated (run) on every node in the Ethereum network, in order to achieve distributed consensus. It should be possible to be thousands of times more efficient than that (which suggests they could achieve much lower prices for buyers combined with greater rewards for CPU owners).
- kuroguro 6y agoImagine writing a contract that could mine more ether :O