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Gas

The fee charged on the Ethereum network in exchange for accessing the platform’s computing resources is referred to as gas. Launching decentralized applications (DApps) and basic transactions like sending ETH between traders all need gas. The invoice is charged in Ether (ETH), the native currency of the site.

Gas is consumed in gwei, or tiny increments. 0.000000001 ETH is equivalent to one gwei. The amount of ETH charged in a single transaction is determined by the amount of energy needed to complete a transaction on the EVM (Ethereum Virtual Machine) and the extent of blockchain congestion.


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