Gas
Gas is a measure of how much work is needed to complete transactions or run smart contracts on the Ethereum network. Think of it as the fuel that powers these activities. To use the network, you need to pay for gas, which involves two key concepts: Gas Limit and Gas Price.
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- Gas LimitGas Limit is the highest amount of gas (a fee for processing transactions) that a user is willing to pay for a transaction on the Ethereum network.
- Gas PriceGas price is the amount of money you pay to process a transaction on the Ethereum network. It determines how quickly your transaction will be completed.
- Gas Station Networks (GSN)Gas Station Networks (GSN) help developers create decentralized apps (dApps) that can cover transaction fees, so users don't need to own Ether (ETH) to pay for…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.