Gas
By CoinGecko | Updated on Mar 03, 2020
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain. It is equivalent to 'fuel' - how much fuel (gas) does it take to conduct the requested transaction on Ethereum network.
Related Terms
Order Book
An electronic list of all buy and sell orders in an exchange
Market Maker
Participant of the market who creates buy and orders
Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
Leverage
It is an investment strategy to gain potential return of the investment by borrowing the money
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