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Gas

In the context of cryptocurrency, gas is a unit of measurement for the amount of computational effort required to execute a transaction or a smart contract on the Ethereum blockchain. Gas is used to incentivize miners to include transactions in the blocks they mine, as they are rewarded with a fee in the form of Ether (ETH) for their work.

The cost of a transaction or smart contract on the Ethereum blockchain is measured in gas and is expressed in units of ETH. The amount of gas required for a transaction or smart contract depends on its complexity and the amount of computational resources it requires.

Gas serves as a mechanism to ensure the efficient and fair use of the Ethereum network, as it limits the number of transactions that can be processed in a given block and prevents spam or malicious activity on the network.

In addition to its role in Ethereum, the concept of gas is also used in other blockchain platforms and protocols, where it serves a similar purpose of measuring the computational effort required to execute a transaction or a smart contract.

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