Gains

Gains refer to an increase in value or profit.

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.

Group Mining

Another term used to describe a Mining Pool.

Gwei

The denomination used in defining the cost of gas in transactions involving Ether.