Gas

Unit that measures the computational cost of executing operations on a blockchain such as Ethereum.

What is it? - Dummies

It's like the gas you need for a transaction or contract to work on the grid; without gas, nothing moves.

What is it? - PRO

Gas is the unit that quantifies the computational effort needed to execute operations or smart contracts on Ethereum and compatible blockchains. Users pay gas in ETH to encourage miners or validators to process and validate transactions.

Key points

  • Variable price depending on network demand.
  • Protects against spam and excessive use of resources.
  • Related to the complexity of the operation.
  • Paid in the native cryptocurrency (ETH).
  • Sales and disadvantages

  • Advantages:
    • It encourages efficiency in contracts.
    • It allows prioritization of transactions.
  • Disadvantages:
    • Costs can be high during times of congestion.
    • Complexity for new users to understand.
  • Related Concepts

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