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What Is Gas in the Context of Smart Contract Execution?

A fee paid in native currency to compensate miners for the computational effort of transactions.
Greeks.Live29.10.25

What Is Gas in the Context of Smart Contract Execution?

Gas is a unit of measurement for the computational effort required to execute operations on the Ethereum network. It is the fee paid by users to compensate miners for the energy and resources needed to process and validate transactions and smart contract executions.

The gas price is dynamic, fluctuating based on network congestion, and is paid in the network's native currency (Ether).

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