Explain the concept of gas in Ethereum?
Posted On: May 30, 2024
Gas refers to the fuel that is used to power transactions and smart contract execution on the Ethereum blockchain. Every operation on the EVM requires a certain amount of gas, and the cost of gas is measured in Ether (ETH). When a transaction is sent, the sender must include a gas limit and a gas price, which determine the maximum amount of gas they are willing to pay for the transaction to be processed.
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