3. "Based on the EWT balance deposited, the payment contract

Question

3. "Based on the EWT balance deposited, the payment contract

issues one ERC-20 service token for each DID. The service token exists solely to track usage of the Utility Layer services throughout the access period."

What does “to track usage of the utility layer service” mean?
I always wondered how DID work and how they communicate with each other and if that communication aspect uses blockchain transactions. After doing some reading It seems to be that the DID are just Identities and there will be apps being built tracking them etc via a database. So it's like a database tracking the use of decentralized DIDs?

#cryptocurrency #energyweb #english

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29.09.2021

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Michal Bacia

@micha_roon and, by popular demand, please take a look at the second part of this question as well 😉

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29.09.2021

Michal Bacia · Accepted Answer

Michal Bacia

in very simplistic terms: a client wants to use a service node. The service node will check if the client has service tokens that allow them to access the service node. If they have it, they are able to use the node for a specific period of time and the service token is burnt.

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29.09.2021

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3. "Based on the EWT balance deposited, the payment contract

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