For real though, despite the talk of smart contracts, what does Eth actually do? I know there is staking the coin for passive income or swaping for alt coins to gamble.
I have asked before but it's usually just criticism on it being premined yada yada. I suppose I should just read the white paper..
#asknostr
It was sold under the premise that "Blockchain" projects can raise capital for their projects without having a working Blockchain -> hence ERC-20 tokens.
This allowed for accounting of who owns what meanwhile you develop what you promised.
Which was either a novel Blockchain that you would be swapped over to 1:1 or some bullshit they sold you meanwhile describing it as a "native ethereum asset".
Then came the idea of non fungible tokens...which were only really implemented how you know them after a few years.
> For real though, despite the talk of smart contracts, what does Eth actually do?
It runs smart contracts. That's all it does.
