What is Ethereum gas?

[alexjobs 228]

In Ethereum, we know that we can create smart contracts, these contracts execute code, this code is executed in the nodes, that is, in the computers of the miners.
 

Now, for using its computational power we pay a price, so gas is basically the commission that miners charge for executing the code that will make our transactions execute.
 

It should be noted that the contracts allow us to configure how much gas we want to use in each transaction, but if we put very little perhaps no miner wants to carry out our transaction, so it is best to leave the value that it has in the market by default, fortunately it is cheap, there are several pages where you can view the price of gas.

[Aquaman69 217]

Etherium is an ideal coin.  Although the price is much lower.  Yet it can be used for investing, trading.  You can make a profit if you keep it for a long time and then sell it.

[Qwertyuiopnbvcxz 61]

It is an open source platform based on blockchain technology, characterized by its ability to perform several functions, most notably smart contracts. The idea of Ethereum was proposed through a white paper describing the project by the Russian "Vitalik Putrin" in 2013. "Gavin Wood" and "Joseph Lupine" helped him in establishing the project.

Edited October 4, 2020 by Qwertyuiopnbvcxz

[keyber 129]

Ethereum lo uso siempre para invertir a largo plazo, ya que es una buena opción, su precio es bajo comparado con bitcoin y puedes obtener grandes beneficios hasta el 20% de tus ganancias.

[velasco19 1753]

Gas is a defined unit to calculate the cost or effort to execute the code on the Ethereum network, the developers defined a gas value for each type of instruction that is executed. Another concept linked to this is the Gwei, which is a very small fraction of ETH and is what you pay for gas. The speed of a transaction depends on the value we are willing to pay since miners prioritize the most expensive ones.

[khan22 3478]

Ethereum gas fee is those when we send our coins from ERC20 wallet to another wallet or to another exchange. Crypto is a great business and in this business we can change our life in a short market.

[pablomarwan 3082]

eth coin is unique. It achieved impressive gains and results within a certain period. Its creator has also announced its new version, eth 2.0, which means that more is coming and there are surprises on the way. If you are trying to invest in it, there is still time for that.

[Edwinvicky 819]

It is simply a mining fee or put it as a transaction fee. I.e amount of fee charged for sending your tokens, it can be lower or higher in value but the more the higher value the more the transaction confirm faster.

[Syriana 350]

It is indeed similar to gas for miners, but its value is unfortunately weak, but it can be collected and used in investment and transactions, and it can be kept for long periods and then sold, thus making a good profit through it.

[Serbberq 724]

Thanks for sharing, we have been making transactions using etherium but I dont know the reason why we need gas in every transaction but I know I understand the its purpose. 

[godislovefll 1880]

On 10/4/2020 at 4:55 AM, alexjobs said:

In Ethereum, we know that we can create smart contracts, these contracts execute code, this code is executed in the nodes, that is, in the computers of the miners.
 

Now, for using its computational power we pay a price, so gas is basically the commission that miners charge for executing the code that will make our transactions execute.
 

It should be noted that the contracts allow us to configure how much gas we want to use in each transaction, but if we put very little perhaps no miner wants to carry out our transaction, so it is best to leave the value that it has in the market by default, fortunately it is cheap, there are several pages where you can view the price of gas.

ETH was very smart to handle the gas in this way, I really like the ETH NETWORK but the only bad thing is the GAS that rises spontaneously because at some point of the day ETH has so much demand that gas transactions increase so much which is something that is impossible to pay for which is the only downside.

[Michar1 1693]

Well, currently the gas wreck by transaction fee is not very cheap, or at least you have to pay high fees, I personally consider it is high, but it will depend on each person, according to eth2.0 the gas would go down, but it is something that still does not happen.

[Sykkuno 2887]

To make it easier to anyone reading:

Gas is the Ethereum you pay to make transactions. If you don't have enough ethereum in an account you will not be able to make an withdrawal.

 

I don't know why it was required to have this detailed and techincal explanation, but thanks anyway.

[Syedbesharat 5423]

We have personally experienced the ERC 20 wallet fee transaction where we shift to low gas and advance option where we can set own gas fee for transactions.We send the coins with low gas fee and  advance option and never found our  coins. This was experiment to check the time of low fee transactions and what we get is never go for low fee, always use default or fast gas fee option at ERC 20.This will safe your coins and get it in time. 

[Maaz sultan 265]

Yes the fee of transaction is actually the fee that we give all the crypto miners that setup their miners to solve all the mathematical steps for a successful transaction , So actually without miners our transactions not reach to our destination .

[jappy 1129]

Undoubtedly, the ideal is to take advantage when gas is cheaper, if it is true that if we use it very cheap, our transaction will not be made more, however we must also bear in mind that gas is sometimes very expensive and it is not advisable to do the transaction at that time.

[abohasnn9 2401]

My friend, the Ethereum currency is a good and stable currency and it has a bright and valuable future. Ethereum gas. I think it is related to miners for mining the cryptocurrencies themselves, so this is interesting for the Ethereum gas and cryptocurrencies. Thank you.

[Moaz 7239]

You are right that Ethereum gas is a withdrawal fee for any currency that operates on the Ethereum network, and in order for your transaction to be confirmed quickly, you must pay a larger amount of Ethereum gas, but unfortunately some currency transactions in the Ethereum network are costing a lot due to the rise of Ethereum gas.

[Roan 2166]

Ethereum is a good digital currency, it is very popular and at a great price against the rest of the other digital currencies, in addition to it has a project and a clear and good future, and buying a good amount of it is a good option for investment

[yulitzacalvete 1366]

On 10/4/2020 at 4:55 AM, alexjobs said:

In Ethereum, we know that we can create smart contracts, these contracts execute code, this code is executed in the nodes, that is, in the computers of the miners.
 

Now, for using its computational power we pay a price, so gas is basically the commission that miners charge for executing the code that will make our transactions execute.
 

It should be noted that the contracts allow us to configure how much gas we want to use in each transaction, but if we put very little perhaps no miner wants to carry out our transaction, so it is best to leave the value that it has in the market by default, fortunately it is cheap, there are several pages where you can view the price of gas.

Yes, my friend, gas is cheap but sometimes SAE collapses and has such demand that its price is totally absurd. I have seen a gas of up to 200 usd for a small transaction, so gas varies a lot due to demand.

[Arslan Ch 2163]

Recently I learned about the Ethereum currency and I observed that it is one the best and well established coins after the Bitcoin.I didn't heard about the term Ethereum gas earlier as I don't have any experience in it so Your post is good to learn something new and now I am very much interested to do research on ethereum deeply.

[khan22 3478]

On 10/4/2020 at 1:59 PM, Aquaman69 said:

Etherium is an ideal coin.  Although the price is much lower.  Yet it can be used for investing, trading.  You can make a profit if you keep it for a long time and then sell it.

ETH coin price is high this time and soon the ETH coin touch the 10,000$ but this time the ETH coin price is 618$ and the highest point of the ETH in 2020 is 660$ in the crypto market.

[Hanbal 359]

In an ethereum network on blockchain a gas refers to the transaction fees that was charged before the successful execution of every transaction in the ethereum blockchain.

[Shaza Ahmad 1682]

Ethereum fees are not low. In the recent period, the cost of a single transaction reached several dollars, while last year it was a few cents. We hope that the fees for the new version of Ethereum will be lower and encourage the use of this network.

[Msh9 84]

Ethereum gas bears similarities to Bitcoin and can perform many of the same functions, and there is no need to worry. You can set the price you wish to pay from.