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by randaouser
2724 days ago
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It is a computation platform first and foremost. You can pay gas in ETH. Every opcode has a set gas price, so executing a compiled contract on the network costs you some ETH. Why would you want to run code on ETH? Most notably, it requires no 3rd party trust to execute the code whereas traditional cloud architectures require you to trust that the execution environment is kosher e.g. amazon vm is not compromised, amazon hardware does not have side channel attack. It is ideal to write a token or currency on ETH platform as state changes like balances are better left completed on trustless architectures |
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