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What Is the Concept of ‘Gas’ in Executing a Smart Contract?

Gas is the fee paid to validators for the computational power required to execute a transaction or smart contract on the network.
Greeks.Live07.11.25

What Is the Concept of ‘Gas’ in Executing a Smart Contract?

Gas is a unit of measurement for the computational effort required to execute operations on the Ethereum blockchain. It is the fee paid to validators to process and validate transactions and smart contract executions.

The gas price fluctuates based on network demand, and it is paid in the network's native cryptocurrency, like Ether (ETH).

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