Gas
1min
"Gas" is the name for a special unit used in smart contract enabled blockchain networks. It measures how much "work" an action or set of actions takes to perform: for example, to calculate one Keccak256 cryptographic hash it will take 30 gas each time a hash is calculated, plus a cost of 6 more gas for every 256 bits of data being hashed. Every operation that can be performed by a transaction or contract on the platform costs a certain number of gas, with operations that require more computational resources costing more gas than operations that require few computational resources.
Extra links
Updated 03 Mar 2023
Did this page help you?
Yes
No