Mahima Thacker pfp
Mahima Thacker
@mahimathacker
In the world of blockchain and cryptocurrencies, the term "Gas" often pops up, especially when discussing Ethereum transactions. But what exactly is Gas? 👀 Gas is a unit that measures the amount of computational effort required to execute operations on the Ethereum network.
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Mahima Thacker pfp
Mahima Thacker
@mahimathacker
Think of your car as a transaction you want to make on the Ethereum network. Just like your car needs fuel to run, your transaction needs Gas to be processed.
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Mahima Thacker pfp
Mahima Thacker
@mahimathacker
Now, imagine the Ethereum network as a busy highway. The Gas is like the fuel price, which can go up or down depending on how busy the highway is. If there are lots of cars (transactions) trying to use the highway at the same time, the fuel price (Gas price) goes up.
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Mahima Thacker pfp
Mahima Thacker
@mahimathacker
This is because there's more demand for the road, just like there's more demand for the network when it's busy.
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