Cryptocurrency Q&A
What is gas measured in ETH?
What is gas measured in ETH?
Elena
Thu Dec 26 2024
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5 answers
821
I'm trying to understand the concept of gas in the Ethereum network. Specifically, I want to know the unit used to measure gas in ETH transactions. Can someone clarify this for me?
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5 answers
Chiara
Sat Dec 28 2024
Gas serves as the essential fee for conducting transactions or executing contracts on the Ethereum blockchain platform.
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CryptoDynastyLord
Sat Dec 28 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of traders and investors.
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HanRiverVisionaryWave
Sat Dec 28 2024
This fee is priced in minute fractions of the cryptocurrency ether, known as ETH.
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Martino
Sat Dec 28 2024
These fractions are denominated as gwei, which represents 10-9 ETH.
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DaeguDiva
Sat Dec 28 2024
The concept of gas ensures that validators receive compensation for the computational resources they allocate to process transactions.
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