A private Ether Pool for token economy use cases.
Add flexibility to your blockchain solution by leveraging the intrinsic value of the Ethereum token in your private network. As you may know, you don’t need ether in a private network, but by having ether present, you allow for more functionality.
Each Kaleido environment is configured with one billion ether in the chain’s genesis block. It can be used to enforce optional gas costs on specific smart contract methods and/or to represent a fungible and transactional asset. The ether pool is an environmentally-shared utility service and is accessible by any organization operating a node within the environment.
The Ether Pool exists on a per-environment basis as a pre-funded one billion ether account configured in the genesis block of the chain. The ether can be accessed by any member of a consortium that owns and operates a node in the environment via the Kaleido user interface or through a simple /fundaccount API call.
The governance of the pool is left entirely to the discretion of the consortium. For example, the pool can be used intermittently on a need-by-need basis or drained immediately and then disseminated in accordance with some agreed upon protocol. The pool offers a convenient alternative to developing your own ERC20 token and can be used in myriad ways. For example, mapping to fiat or fungible assets, enforcing smart contract costs or prioritizing transaction mining.