Cryptocurrency Lexicon Letter G

Gas Fee

The computational fee paid by users to network validators to process and execute transactions or smart contracts on a blockchain.

Gas Fee glossary illustration
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In-Depth Explanation

Gas prices fluctuate based on network congestion. On Ethereum, gas is denominated in gwei (0.000000001 ETH).

Practical Market Example

Real-World Application

Paying 0.002 ETH in gas to execute a token swap on a decentralized exchange.

Related Calculators

Related Educational Guides

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