Do replit "cycles" do anything?

I've been wondering what you can do with the cycles that you earn, and why there are there in the first place. On some old posts, (like 2+ years ago), people are saying that "in the future" you will be able to "buy" things using cycles... Probably not (but just wanted to see lol).

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Answered by SixBeeps [earned 5 cycles]
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@QuickV i know that xD.... i git from somewhere else. Not here lol. I just cant see where it displays my cycles. Is it that 11 beside by name?