RE: Ether? Just bought Ether yesterday, and looking for real world applications!

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Ether? Just bought Ether yesterday, and looking for real world applications!

in cryptocurrency •  7 years ago 

Mainly the uses of ether are as a utility token for other platforms to build off of. Many of the coins use ethereum block chain protocol and are funded through ethereums smart contracts. I'm not sure what if anything you can buy tangibly with ether right now. That might change in the future.

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So it’s a method of compensating for use of ethereums network? So it has value because you can pay for processing power on ethereums network?