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Author: Hyperon Chain Published: May 29, 2022 Updated: May 29, 2022
What exactly is gas?
The term "gas" denotes a unique unit employed in blockchain networks enabled for smart contracts. It measures the amount of "work" necessary to execute an action or a series of actions. For instance, performing a Keccak256 cryptographic hash necessitates 30 gas for each calculation, along with an extra 6 gas for every 256 bits of data hashed. Every operation that a transaction or contract carries out on the platform has an associated gas cost, where operations demanding greater computational resources incur higher gas charges compared to those with lower computational demands.