Cycle (DFINITY)

In the context of DFINITY, 'Cycle' refers to the native utility token of the DFINITY network. The DFINITY network is designed to support a decentralized internet infrastructure, offering a platform for developing and deploying decentralized applications (dApps). Cycle tokens are used within the DFINITY ecosystem to facilitate various functions, such as transaction processing, network governance, and incentivizing participants.

Cycle tokens play a crucial role in securing the network through a proof-of-stake consensus mechanism, where token holders can participate in network validation and governance by staking their tokens. Additionally, Cycle tokens may be used to pay for computational resources and services provided by the DFINITY network, including smart contract execution and storage.

Overall, Cycle tokens serve as the fuel that powers the DFINITY network, enabling secure and efficient operation of decentralized applications while incentivizing participation and contribution from network participants.