The Ethereum utility layer represents the network’s capacity for hosting and executing decentralized applications and smart contracts. This layer provides the computational resources and infrastructure for various blockchain operations. It functions as the foundation upon which developers build and deploy diverse digital services. The utility layer enables the programmable aspects of the Ethereum blockchain.
Context
Discussions surrounding the Ethereum utility layer frequently address its scalability and efficiency improvements, particularly after significant network upgrades. The focus is often on how it supports the expanding ecosystem of decentralized finance and non-fungible tokens. Future enhancements aim to further optimize transaction processing and reduce operational costs for users.
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