Gas (Ethereum)
A unit measuring the computational effort required to execute transactions or smart contracts on Ethereum.
What is Gas (Ethereum)?
Gas is a unit that quantifies the computational work needed to process transactions or execute smart contracts on the Ethereum blockchain. Each operation in the Ethereum Virtual Machine (EVM), such as transferring ETH or running a smart contract, consumes a specific amount of gas. Users pay for gas in Ether (ETH), with the total cost determined by the gas limit (the maximum gas a transaction can use) and the gas price (the amount of ETH per gas unit). Gas ensures network resources are allocated efficiently and prevents spam or infinite loops.
Related Terms
Consensys and Joseph Lubin
Consensys is a blockchain software studio founded by Ethereum co-founder Joseph Lubin, building enterprise tools and advocating for decentralized tech.
Bitcoin Block Reward
The amount of newly created Bitcoin awarded to miners for successfully adding a new block to the blockchain.
Digital Asset Treasury (DAT)
Public companies that strategically accumulate digital assets(primarily BTC or ETH) as core treasury reserves to drive shareholder value and provide digital asset market exposure.
Airdrop
A free distribution of tokens to numerous wallet addresses by blockchain projects to promote awareness, bootstrap liquidity, and reward early user engagement.
Convertible Notes
Hybrid debt securities convertible into equity, used by companies like Strategy to fund Bitcoin purchases at low interest.
Concentrated Liquidity
A DeFi mechanism allowing liquidity providers to allocate capital within specific price ranges for higher efficiency.