Gas
By | 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
Market Maker
Participant of the market who creates buy and orders
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
Oracles
In the context of crypto, oracles refers to services which verify real-world and provide data to blockchains/smart contracts.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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