Crypto WOTD — Gas, Gas Price, Gas Limit
Back-to-basics week CAPPIES! Today we shall backtrack to ground zero — the fundamentals of crypto trading. What is Gas and what is Gas limit?!
Gas —Gas refers to the unit that measures the amount of computational effort required to execute specific operations on the Ethereum network.
Gas Price — Well its refers to the price you are paying for Gas! (refer to above) Their unit of measurement is denoted in ‘gwei’. The unit of “Gas Price” is called Gwei and 1 Gwei is equivalent to 0.000000001 Ether.