Cryptocurrency and Blockchain: What You Need to Know

January 5, 2022

Gas in Ethereum

On the Ethereum network, the concept of gas was introduced to keep a separate value layer that only indicates computational expenses. Assigning this value to a particular unit allows for distinction between cryptocurrency (ETH) actual value and the computational cost of using Ethereum's virtual machine (EVM) (EVM). "Gas here refers to Ethereum network transaction fees, not car gas.
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