Term

Gas

The unit of computational work on EVM chains; users pay gas in the native token to execute operations in smart contracts.

Type:
eth
fee
1
concept

Gas measures the work required to perform operations like storage writes, hashing, and contract calls. Each opcode has a cost; total gas × gas price determines the fee paid.

Example 1.1

Writing to storage costs more gas than arithmetic; complex swaps or NFT mints are more expensive than simple transfers.

2
economics

Gas prices fluctuate with demand for block space. Users balance speed and cost by adjusting gas price (or using EIP-1559’s max fee and priority fee fields).

Example 2.1

During congestion, increasing max priority fee helps a transaction be included sooner; during quiet periods, low fees suffice.

All terms and definitions may update as the Cryptionary improves.