Computational utility represents the inherent value derived from a digital asset or blockchain network’s capacity to perform useful calculations or processing tasks. This utility extends beyond mere transactional value, offering services such as data storage, smart contract execution, or complex algorithmic operations. It quantifies the functional benefit provided by a system’s processing power. Such utility is a core component of many decentralized applications.
Context
Projects aiming for increased computational utility are at the forefront of innovation in decentralized computing and artificial intelligence on blockchains. News often reports on advancements in layer-2 solutions and specialized hardware designed to enhance this aspect, driving the expansion of Web3 applications. The demand for efficient, verifiable computation continues to grow.
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