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    Gas

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    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.

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    Justin Chan
    Dr Justin Chan founded datadriveninvestor.com, a tech application platform designed to help fund managers, individual investors and data scientists uncover outstanding sources of alpha from data. Previously, he specialized in strategy development in a number of hedge funds and served as a senior quantitative strategist at GMO. An expert in microstructure, market liquidity, and behavioral finance, Dr. Chan holds a doctoral degree from UCLA and served as a finance professor at Singapore Management University. He can be reached at justinchan@datadriveninvestor.com.