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On the Ethereum side, the cryptocurrency is used as an incentive for nodes to operate the global EVM (Ethereum Virtual Machine), which processes smart contract
by kennu 4y ago
On the Ethereum side, the cryptocurrency is used as an incentive for nodes to operate the global EVM (Ethereum Virtual Machine), which processes smart contract transactions. So one could argue that as long as the transactions have at least some value to some application, the cryptocurrency will also have non-zero value.
- gruez 4y ago>On the Ethereum side, the cryptocurrency is used as an incentive for nodes to operate the global EVM (Ethereum Virtual Machine), which processes smart contract transactions. You don't get paid for running a node unless you're also staking.
- dcolkitt 4y agoTechnically the original post should s/node/validator/. But besides that minor quibble it's still essentially correct.