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What is gas in crypto?
I'm new to Web3 and blockchain in general, but I quite often hear "gas". What does it mean?
- blockchain
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1So, basically gas is "a ticket" to sent your token from wallet A to wallet B. Gas is the amount of computational work done by miners (blockchain nodes that process all transactions in the network). It is used in calculating the cost of a transaction. The amount of gas for a transaction depends on its complexity.
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Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.
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