This is the cryptocurrency used to pay for transaction... - Deepstash
<p>This is the cryptocurrency ...

This is the cryptocurrency used to pay for transaction fees and to interact with the Ethereum network.

41

307 reads

CURATED FROM

IDEAS CURATED BY

Revaluation of Decentralization

Similar ideas

Gas Limits & Gas Price

To get an operation done in Ethereum, the sender of the transaction must specify a gas limit before they submit it to the network & a gas price: 

  • The gas limit is the maximum amount of gas the sender is willing to pay for this transaction. If an operation has LOW gas, ...

Ethereum as electricity

If bitcoin is digital gold, Ethereum is alike the power grid, powering an ecosystem of worldwide decentralized applications

The gas is the metering system for the consumed power. And ETH is the currency used to pay for running the software and maintaining the network. 

How Polygon Works

How Polygon Works

Polygon validators periodically perform checkpoints against the Ethereum main chain, as a mechanism to settle any transaction disputes that occur on the sidechain through cryptographic proof. 

  • Users can transfer tokens across Matic without incurring third-party risks a...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates