Gas
A term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch dApps in the Ethereum network. It is the “fuel” of the Ethereum network.
Gas Limit
A term used on the Ethereum platform that refers to the maximum amount of gas the user is willing to spend on a transaction.
Gas Price
A term used on the Ethereum platform that refers to the price you are willing to pay for a transaction. Setting a higher gas price will incentivize miners to prioritize that transaction over others.
Genesis Block
The first block of data that is processed and validated to form a new blockchain often referred to as block 0 or block 1.
Gold-Backed Cryptocurrency
A coin or token issued that represents a value of gold; for example, one physical gram of gold equals to one coin. The gram of gold is stored in a safe and can be traded with other coin holders.
Graphical Processing Unit (GPU)
More commonly known as a graphics card, it is a computer chip that creates 3D images on computers but has turned out to be efficient for mining cryptocurrencies.
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