Replying to Avatar ₿ujuX

That's what I mean, smart contracts I get - cool. But why buy the token, it isn't helping the tech directly or solving any real world problems? or I'm I just being ignorant here. I only hear speculation of the price going up thus why someone should put their hard earned money in it.
Avatar
Globe99 10mo ago

The reason to buy the coin is that smart contract operations all require ether (gas?) token. That's the cost you pay for the "Ethereum virtual machine" to run your computation.

Reply to this note

Please Login to reply.

Discussion

Avatar
₿ujuX 10mo ago

Cool. But why? it's almost like it's creating a problem to solve the solution with their technology.

Avatar
Globe99 10mo ago

Well the idea of Ethereum (at least originally) was to create an uncensorable "global computer." So the token having value is necessary to provide the incentive for the miners/validators to actually run the code.