Gas - KaveriBridge/crypto GitHub Wiki

• Unit that measures the amount of computational effort required to execute specific operations on the Ethereum network
• Paid in Ethereum’s native currency, ether (ETH).
• Prices are denoted in Gwei, (Each Gwei is equal to 0.000000001 ETH (10^-9 ETH).”

• Gas limit restricts the amount of data and computational effort required by miners to process a single block on the network.
• Cost of each unit of gas in terms of ETH is decided by the user, who can set a high or low gas price.
• Miners prioritize transactions and operations with high gas prices (and hence, higher total transaction fees) to maximize the rewards they earn on the network.

• Ethereum