About Ethereum’s Gas

Definition of Gas: Gas is a unit used in Ethereum to measure the computing resources required for transactions or contract operations.

The composition of Gas: includes Gas Price and Gas Used, where Gas Price is the amount of Ether coins that users are willing to pay for each unit of Gas, and Gas Used is the amount of Gas actually consumed by transactions or contract operations.

Calculation of transaction fees: Transaction Fee = Gas Used × Gas Price.

The role of Gas: By assigning a Gas cost to each operation, Ethereum ensures fair use of network resources and protects network security by incentivizing miners.

Network congestion and Gas: When the network is congested, users may need to pay a higher Gas Price to ensure that their transactions are processed with priority.