Ethereum update: Why we need a 8x Token to enable decentralised recurring payments.
[https://medium.com/8xprotocol/why-does-8x-need-a-token-6bd72ce9cd31](https://medium.com/8xprotocol/why-does-8x-need-a-token-6bd72ce9cd31)
**TLDR** — The 8x Token is used to incentivise a fair economy for the 8x Repeaters (service node operators who process the subscription transactions), by fair economy I do not mean that they are rewarded in 8x Tokens but that the 8x Token is used to solve issues such as the claiming problem, to prevent service nodes acting in a malicious way and also to facilitate some common economics principles.
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: 8xProtocol
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