Home Gas

    Gas

    0
    840
    « Back to Glossary Index
    Categories: Blockchain

    A unit that measures the computational effort required to execute various tasks on the Ethereum blockchain. Tasks include conducting transactions on the network, which in turn determines the transaction fee required from network users. More computationally intensive tasks are represented by higher gas amounts.

    « Back to Glossary Index
    Previous articleERC721
    Next articleHashrate
    Justin Chan
    Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.