CRYPTO GLOSSARY

Gas

The unit Ethereum uses to measure the work a transaction needs. The fee is the gas used multiplied by the price per unit.

Gas in more detail

Ethereum measures the work a transaction needs in units of gas. A simple transfer of ETH uses 21,000 gas. Moving a token or using a smart contract uses more.

You pay in the network's own coin. Sending a token on Ethereum needs ETH for gas. Keep a little in the wallet.

Failed transactions still cost. If a transaction runs out of gas or the contract rejects it, the work was still done and the fee is still charged.

FROM LESSON 32 · 4 MIN READNetwork fees and gasEvery blockchain transaction pays a fee to the network. Learn how Bitcoin fees and Ethereum gas are calculated and how to avoid overpaying.Read the lesson

All 128 terms · Checked against the lesson's sources on 8 October 2026.

BY EMAIL

The course by email

Five short emails to get you started, each built on one lesson. After that, one short email a month about what is new. No price tips and no hype.

Free. Unsubscribe any time. See our privacy notice.