Blockchain: Gas denotes the amount of Ether which needs to be paid for a transaction.

Question

Gas denotes the amount of Ether which needs to be paid for a transaction.

timothy Ntambala · Accepted Answer

False. Gas reflects the amount of computational effort needed to execute specific operations on the Ethereum network. Transaction fee = Gas*Gas price=Gas*(Base fee+tip)

Blockchain

Gas denotes the amount of Ether which needs to be paid for a transaction.

False. Gas reflects the amount of computational effort needed to execute specific operations on the Ethereum network. Transaction fee = GasGas price=Gas(Base fee+tip)

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