Gas
By CoinGecko | Updated on Mar 03, 2020
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain. It is equivalent to 'fuel' - how much fuel (gas) does it take to conduct the requested transaction on Ethereum network.
Related Terms
Bitcoin Improvement Proposal (BIP)
Refers to improvement proposals for Bitcoin, used to introduce features or any updates on the Bitcoin network.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
BUIDL
An advice for investors to contribute new projects on blockchain rather than holding cryptocurrencies and waiting for the price to increase
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
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