Gas
Table of contents
Gas refers to the fee users pay to execute transactions or run smart contracts on blockchains like Ethereum. It’s measured in gwei and compensates validators for their work.
Why Gas Is Crucial
Gas ensures the network remains secure and functional by incentivizing miners or validators. Higher complexity operations require more gas, making the fee proportional to computational effort.
Everyday Use Case
When you send ETH or use a dApp, gas fees determine how quickly your transaction is processed. Busy networks often lead to higher gas prices, affecting user experience.