A term used in the Ethereum platform that refers to the price you are willing to pay for a transaction. Setting a higher gas price will make miners more incentivized to prioritize and validate that particular transaction ahead of those set with a lower gas price. Gas prices are typically denominated in Gwei.
Gas Price
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Natural gas is a fossil fuel formed from the remains of plants and animals that lived millions of years ago.
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GWei (Gigawei) is a denomination of ether that is used in reconciling gas cost. 1 ETH = 1000000000 (1e9) GWei. GWei is also referred to as Shannon, Nanoether, and Nano.
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A binary option is a type of options contract in which the payout will depend entirely on the outcome of a “Yes or No?” or “True or False” proposition. Don’t be intimidated! Its name may sound complicated, but binary options are arguably a simpler way to trade than traditional options or currencies. Just like traditional […]
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Gas is the processing fee for every transaction made in the Ethereum network. To execute a smart contract on Ethereum’s blockchain, nodes must be paid according to the complexity of the smart...
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Electronic Brokering Services (EBS) is a leading electronic trading platform that facilitates currency transactions.