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Question 86 - CBSA discussion

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______________is supposed to be the constant cost of network resources/utilization in the Ethereum blockchain? What is the constant?

A.
Wei
Answers
A.
Wei
B.
Tether
Answers
B.
Tether
C.
Gas
Answers
C.
Gas
D.
Ether
Answers
D.
Ether
Suggested answer: C

Explanation:

Gas is supposed to be the constant cost of network resources/utilization. You want the real cost of sending a transaction to always be the same, so you can't really expect Gas to be issued, currencies in general are volatile. So instead, we issue ether whose value is supposed to vary, but also implement a Gas Price in terms of Ether. If the price of ether goes up, the Gas Price in terms of ether should go down to keep the real cost of Gas the same. Reference: http://ethdocs.org/ en/latest/ether.html

asked 16/09/2024
Tom Rez
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