3 W's for Gas in Ethereum

Like petrol and diesel, Gas is also one of popular and efficient fuel now days. In this article we are going to discuss information on Gas, but its not one which is used for machines or vehicles - it is a term used in Ethereum block chain.

What is Ether?

In the field of chemistry, ether is a pleasant-smelling colorless volatile liquid that is highly flammable.

It is used as an anesthetic and as a solvent or intermediate in industrial processes.

In case of blockchain ecosystem, Ether is term used to the underlying token powering the Ethereum blockchain, but it serves a slightly different purpose than bitcoin does to the Bitcoin blockchain.

What is Ethereum?

Ethereum is a decentralized, an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality without any downtime, fraud, and third party interference and also has its own cryptocurrency called "Ether".

What is Gas in Ethereum?

Ethereum Gas is the lifeblood or fuel of the Ethereum ecosystem. Gas is a unit that measures the amount of computational effort that it will take to execute certain operations in Ethereum ecosystem.

In other words, Ethereum Gas is fundamental block of Ethereum ecosystem that is paid for every operation performed on Ethereum Blockchain. Gas's price is represented in ether, and the miner decides whether to refuse the transaction process or not based on the expected gas price.

For any operation starting from deployment, you need to have ether in your account which needs to be converted into Ethereum Gas.

Hope this information is going to help you to understand at high level about Ethereum Gas. We are going to share more such topics related to blockchain in upcoming article series.

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