Why Does Gas Need To Be Money? ⛽
Most blockchains made one asset do almost everything.
$ETH is something people hold, trade and use to pay for computation, while $BNB plays a similarly broad role across its own ecosystem.
That design works, but it also means using the network requires consuming a transferable asset. That’s why Midnight is so interesting to me, it separates those jobs.
First, it has NIGHT is the public governance and value asset, while holding NIGHT produces DUST, a separate non-transferable resource used to pay for private transactions.
So the thing providing network capacity does not need to behave like another coin sitting on an exchange.
That distinction becomes more interesting for applications with predictable usage, because transaction capacity can be treated as an operational resource rather than just another market-priced asset.
Crypto has spent years redesigning gas markets.
Midnight is redesigning what gas actually is.
#Tokenomics #Infrastructure
Most blockchains made one asset do almost everything.
$ETH is something people hold, trade and use to pay for computation, while $BNB plays a similarly broad role across its own ecosystem.
That design works, but it also means using the network requires consuming a transferable asset. That’s why Midnight is so interesting to me, it separates those jobs.
First, it has NIGHT is the public governance and value asset, while holding NIGHT produces DUST, a separate non-transferable resource used to pay for private transactions.
So the thing providing network capacity does not need to behave like another coin sitting on an exchange.
That distinction becomes more interesting for applications with predictable usage, because transaction capacity can be treated as an operational resource rather than just another market-priced asset.
Crypto has spent years redesigning gas markets.
Midnight is redesigning what gas actually is.
#Tokenomics #Infrastructure
