Deep Dive: What is gas and how to save a few bucks
This week we’ll be breaking down what seems to be one of the most confusing part of cryptocurrencies, gas. On the Ethereum network gas or gwei (pronounced “g-way”) is essentially a smaller unit of Ethereum think of it like dollars
So why do we need gas?
Gas is the fee required to successfully conduct a transaction or execute a contract on the Ethereum blockchain.
Think of it as a processing fee that your bank or other financial institution may charge you when initiate a wire…