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How eth gas is calculated?

Answers (1)

Arsalan Afzal
Feb 08, 2022 17:20:42

Great question! eth gas is a unit of measurement used to calculate how much work is needed to execute a transaction or smart contract on the Ethereum network. The higher the gas price, the more priority the transaction will have and the faster it will be executed. But there's more to it than that. Gas is also used as a way to prevent spam on the Ethereum network by charging those who send transactions with unnecessary data an extra fee. So when setting your gas price, you'll want to make sure you're not overpaying for something that doesn't need to be done quickly.

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