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
@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
@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
@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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Mahima Thacker
@mahimathacker
When you want to make a transaction, you decide how much you're willing to pay for Gas, just like you decide how much you're willing to pay for fuel. If you pay more, your transaction (car) gets processed faster, just like a car with more fuel can go further and faster.
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Mahima Thacker
@mahimathacker
Hence, Gas in the Ethereum network is like fuel for your car. It's what you need to pay to get your transaction moving, and the price can go up or down depending on how busy the network is. ⛽ #Gas #Blockchain
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