MAEXO

Gas

Glossary

Infrastructure

Gas

The fee paid to a blockchain (esp. Ethereum) to execute a transaction.

Definition

In depth

Gas is the unit of computational work on Ethereum and EVM chains. Each operation in a smart contract consumes gas; the fee is gas-used × gas-price. Network congestion drives gas prices up, sometimes making small transactions uneconomical.

Related

Related terms

Ethereum (ETH)

The largest smart-contract blockchain, host to most DeFi and NFT activity.

Smart contract

A self-executing program deployed on a blockchain.

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