| title | author | date | extensions | styles | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Web3 course |
F.Borowiec |
2022-01-12 |
|
|
What is gas?
Its the cost, in ethers, for the transaction. The typical measurement for gas is gwei. gwei is 10^9 wei. In other words, its giga weis.
- wei is the fundamental unit of ether. Its like our cents.
- gwei = 10^9 wei
- ether = 10^18 wei
How does gas price work?
That was in gas, but how much does gas cost?
To understand you need to understand two things.
- what a virtual machine is
- The current cost of gas. Opcode and its associated prices.
What is a virtual machine.
gas-cost * gas-used * 10^9 * eth-cost / 10^18 // Or simplified as gas-cost * gas-used * eth-cost / 10^9