UtilityNet White Paper
  • ♦️UtilityNet
    • ♦️Preface
    • ♦️Web3 Era
      • Web3 Chance
      • Web3 Challenges
    • ♦️Computing Revolutions
      • Computing era: a new industrial revolution
      • Needsexpansion for computing
      • The development of computing has entered a bottleneck period
      • UtilityNet computing revolution
    • ♦️The Meaning Of UtilityNet
      • Remodeling The Operating Rules Of The World
      • The Meaning Of Life
      • A Higher Level Of Civilization
      • Consensus Of High Performance Distributed AI Computing
    • ♦️Interpretation Of UtilityNet
      • About UtilityNet
      • Initial Aims Of The Team
      • Web3 Infrastructure
      • UtilityNet-- high performance distributed intelligent computing network
      • Computing Cloud And Edge Computing Of UtilityNet
      • Ultra-Heterogeneous Distributed Computing Network Of UtilityNet
      • UtilityNet Makes Metaverse Smarter
      • UtilityNet DAO
      • UtilityNet Client
      • Market Prospect And Future Value Of UtilityNet
    • ♦️Technical Architecture Of UtilityNet
      • Core Architecture
      • Infrastructure
      • Scheduling Protocol Of The CFN Distributed Computing
      • Consensus Mechanism Of HPOS
      • Intelligent Computing Resource Pool
    • ♦️Token Economics Of UtilityNet
      • Introduction To Tokens
      • Miner’s Mining Reward Of AI Computing
      • Mining And Combustion Rules During Test Period
      • GAS Fee Consumption
      • Output Rules
    • ♦️UtilityNet FUND
    • ♦️Growth Paths Of UtilityNet
    • ♦️Developer's Message
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  1. UtilityNet
  2. Token Economics Of UtilityNet

GAS Fee Consumption

UtilityNet will be testing the incentive model based on BEP20 (Binance Smart Chain) when it opens its first internal test. Participants can transact through the decentralized network and then update the network state by writing and processing messages in their blocks, which includes data and messages. Running transfers of data and messages consumes computational and storage resources on the network. The required GAS fees are BNB.

The consumed data has a direct effect on the cost of publishers submitting messages to blockchain. Therefore, UNC can be regarded as the fuel needed for mining by UtilityNet blockchain, just like the fuel for automobiles. Just as the situation when a road trip is coming, the driver needs to determine the mileage and pay for the gasoline used to power the engine during the journey.

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Last updated 2 years ago

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