What's Coming Next in Blockchain Gaming? Axie Infinity, Dapper Labs & Matic Network will be sharing their thoughts at our upcoming CoinGecko Meetup. Join us!
Steemit
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.
Share this with a friend!
Related Terms
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
When Moon
An expression used by investors to ask when the price of a coin would hit a peak
Wei
The smallest fraction of an Ether, with each Ether to 1000000000000000000 Wei.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.
