A term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is
The cost of processing transactions was brought to the blockchain to make it easier to compute the resources used when executing a transaction. Furthermore, it differentiates between computational costs and the digital currency.
To make it easier to understand, let’s use an example of moving funds between traditional bank accounts. James moves $500K from his account to Susan’s account and pays $5 as the fee. On the ETH-powered network, the lump sum from James’ account is the total amount of ETH involved in a single transaction, and $5 is the gas charged to honor the transaction.
Note that gas on the Ethereum network is different from GAS on the NEO blockchain. On NEO, GAS is a currency on its own, while on Ethereum, it's a cost of running transactions.
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