Calling out to all crypto experts please help......steemCreated with Sketch.

in ethereum •  8 years ago 

Hi all
Im not new to crypto but new to ethereum and i am having trouble understanding a couple of things so here goes....

  1. ETH currency is the fuel for ethereum machine, how does it fuel the machine, if i build an dapp and put it live do i have to fuel it with ETH?
  2. ERC2.0 tokens, how do they relate to ETH, what is the relationship between them
ethereum eth crypto bitcoin btc
8 years ago by

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      ·  8 years ago (edited)

    To execute a smart contract you need ETH. Transactions require a fee to prevent spam, on steem there is no fee but users are only allowed a certain amount of bandwidth respective to their steem power.

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        ·  8 years ago 

      thanks for the reply......
      so in order to put a dapp live on the ethereum network i will need to have a smart contract in place which will require ETH? hence any dapp that i build will always require me to purchase ETH if i want to put it live in the ethereum machine

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