Gas (Ethereum)

Gas refers to the fees associated with transacting and executing smart contracts or decentralized applications (dApps) on the Ethereum blockchain. Ethereum blockchain processes take place through transactions that necessitate the use of gas. These gas costs are calculated by calculating the computational power required for each action as well as the duration of each action. Gas prices are expressed in gwei, an ether (ETH) denomination equal to 0.000000001 ETH. The system includes gas to reward validators who maintain network consensus. Gas acts as a spam mitigation tool by adding a cost to each transaction, discouraging malicious network activity.