Gas Price is the cost users pay for transactions on blockchain networks like Ethereum.
Gas Price is the amount users pay per unit of gas to execute transactions on blockchain networks like Ethereum. It is measured in Gwei, a subunit of the cryptocurrency Ether (ETH). Gas prices fluctuate based on network demand and capacity. Higher gas prices can speed up transaction processing by incentivizing miners to prioritize them. Users can set their own gas prices, balancing cost and transaction speed. Understanding gas prices is crucial for efficient and cost-effective use of blockchain applications and smart contracts.
