On April 12, 2022, at 2PM PST, Skale & Gigster kicks-off a series of webinars meant to clarify the unknowns of Blockchain. Part 1 starts with What is Ethereum Gas?.
The event is hosted by Cory Hymel, Director of Blockchain at Gigster
, joined by Jack O’Holleran, CEO & Co-Founder Skale Labs
Gas is the amount of computational resources required for a user to interact with the Ethereum blockchain network. It is a unit measured in the amount of ether (ETH) the transaction will cost.
Ethereum uses a Proof-of-work protocol to maintain the blockchain and keep transactions secure. Proof-of-work means that a certain level of computational resources are required to complete transactions. This prevents bad actors from spamming the network. Gas fees are paid directly to the Ethereum miners that complete the transaction as payment for their computations.
To learn more about Ethereum Gas, why it exists, how it works, understand the costs and how to avoid paying high gas fees, register for our webinar and learn from our experts.