Gas Intermediate
Gas is the fee you pay to get a transaction processed on Ethereum, priced in a tiny unit of ether called gwei.
It climbs when the network is congested and eases when things are quiet. Cheaper "layer-2" networks exist partly to avoid paying full gas on Ethereum’s base layer.
This definition is educational and not financial advice. Crypto is volatile and high-risk — always do your own research.
Related terms
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Fiat Currency
Fiat is government-issued money — like the pound, dollar or euro — that is not backed by a physical commodity.
IntermediateHalving
The Bitcoin halving is a scheduled event, about every four years, that cuts the reward miners earn per block in half.
IntermediateLiquidity
Liquidity describes how easily you can buy or sell an asset without shifting its price much.