What is Ethereum Gas? (Examples + Easy Explanation)
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- Опубліковано 24 кві 2021
- If you're searching for what Ethereum Gas is, this video explains it with analogies, examples, and stories. Essentially, Ethereum Gas is the fuel that powers the Ethereum supercomputer network by offering small fees to miners who perform the computational actions.
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Watched many videos regarding crypto, they all had been very difficult to understand as a beginner, but you are the only one who taught it clearly in simple terms and is easy to understand.
My 4th video watched in your channel and I've just subbed. Excellent content and the great explanations really help. Now I'll watch Crypto videos with greater understanding.
Thank you so much for your great videos!!!
There is a lot of us that is easier to learn with examples and easy explanations. Pls. keep doing this great work!!!🙏🙏🙏
Congrats for the great job, man, i am watching them all! Very detailed and easy to understand.
Thank u guys so much! ive learned a lot from your videos, they really teach u want u came searching for, unlike a lot of other channels. in the case of this specific video i got my answer in the first 30sec!
keep up the good work
Very educative and easy to comprehend. Thank you for the effort.
Thank you so much for explaining all of these concepts in such a simple manner and with examples. Really appreciate your work ♥️💐👍🏻
You should make a video explaining how to use gas and the new tipping structures to move yourself ahead in the line when placing trades.
One of the best explanations I ever found. Thanks !!!
Being in Crypto for months and yet this videos was so full of new knowledge for me, thanks. You earn a new Subscriber.
lol you say months like thats a long time
I'm really surprised you get this many views, the content provided by you guys is awesome, thanks!
Hands down the best explanation of eth gas EVER!!!
Crypto for dummies 👍
Thanks for making things so understandable
finnaly i understand what GAS,GWEI, and why all that things exist, thank you so much :)
Thanks very much! I enjoy seeing your very informative videos ...
You guys are overestimating my grandpa
Thanks for explaining this. New to all of this, want to get a better understanding before I post my first NFT (hopefully soon). Gonna have to watch this a few more times so I can easily calculate the gas prices & such. Thanks Again.🙂
Thank you that was so easy to understand.
Thank you…your doing a great work for the people who want to learn about this space Godbless
Thank you! One my follower sent me this video. I got a bit knowledge of the ETH😁
Such an amazing video. Thank you!
amazing video, great way to explain this!
Video is a great one👍
These videos are fantastic and I’ve been consuming them like wildfire
Thank you so much for this!
Guys this is great stuff, really surprised that its not getting more views. Keep making these and the viewers will come !! Thanks for your efforts :)
wrg
Does he actually draw ✍️ or he uses a program 🤔
It would be really useful if you could include references in your descriptions. Otherwise, I love your videos!
Eth gas fees are broken. The miners monitor the transaction types and charge more or less depending on the address. For example an OpenSea transaction is $6 while a Compound transaction is $105, they're basically just taxing people they assume can afford it. Thats like charging different prices for a can of Coke depending on who is buying it. You can play around with these numbers a bit but even rich people have their limits. A billionaire is unlikely to buy a coke for $100 even though he can afford it. People do not like being taken advantage of.
i love you and your content. thank you so much!!
Thank you for all the knowledge dude
Really informative
Really creative UA-cam Thumbnails & great content. 👌
Yea. This is a very good explaination.
Id like to suggest a coin to explain eventually
Great video!
amazing explanation
Thanks! This is one of our underperforming videos, so we are glad you found some use from it :)
Extreme cool material! Mamy thanks!
Thank you ❤
Please do a video on the Gas free Kadena. It sounds like there is nothing it can't do, and it is faster than anything else.
Hey good work on all the videos. Really helps me understand crypto at a deeper level.
And u do sound abit like Matt par. Lol are u Matt?
Good one
Thanks for the effort
Thanks
Thanks bro.
Wow...great stuff.
Amazing Video
thank you!
Great video.
thanks a lot
Great channel! 🙏👍
great content.....
Wow! This is great. Thank you!🤭😩
A video on EIP 1559 would be great!! (Sorry if it’s out and I have not yet come across)
Thank a lot i have learn a lot from about this technology, keep with the good work educating people about this new technology . Is not about if price goes up or down with some youtubers do. sort of casino.
Nice video I have one question
Gas fees are important when u receiving Ethereum ?
Thanks for awesome videos. I am going through all from chronological order. oldest one first. Does it cost 400 gas to read a wallet balance? I thought reading on blockchain is free. only writing cost gas. also how about computing on blockchain before writing? does computing cost gas? also please tell me what software do you use to create the videos. and the voice is original or computer? Does the voice recordings need retakes? May be you can do a video on how do you create videos. :-) Awesome work. keep it up.
killed it again on another great video
Awesome
thanks legend.
Thanks :)
Thank you! so simple explained and that i feel like a eth specialist
Hi... I'm learning from the future😅...but I'd like to know if the EIP was eventually implemented?
Thank you for your video.
I have 2 question for you about it :
1. If they will cancel the transaction fee the miners will not get anything and therefore no one will mine (dosen't make sense for me).
2. I know the transaction fees for ETH are still extremely expensive, it means the EIP 1599 didn't go live?
u are the best
THNKS BRO
You motivated me to create my own token. Big stuff is coming. Keep making this educational content. In order to move society forward we need education!
That's why i always make coffe my self :)
too good
You rock
You should have more views!
I would love these in google podcast to listen easily in my playlist
tnx for your videos. please check the cc option. its unavailable and Some people need it including myself
there is one thing I don't understand yet - do all ethereum miners check from all code if the supposed outcome is correct? And is every single outcome of smart contract recorded on the blockchain?
it makes a sense if there is always potion to opt out from high gas fees, even if everyone want wait and pay less....
Does solana charge GAS? When they become available for NFT? Or bitcoins ?
I love you guys i am a UX designer looking forward to web 3.0
I subscribed to a site that helped organize and manage my phones. When it was all said and done, some financially important things were gone , and for some only copies remained. What should I do?
the gas fees that we pay goes to the account of miners who validate the transaction?
I subbed
so are the fees for buying crypto on exchanges like binance, gemini considered gas fees?
ETHEREUM makes my head hurt (even though I’m mining it)!
Is there a way to calculate how much it will cost me to implement a certain function in a smart contract?
you are fucking amazing bro keep going and thanks!
If transactions fees are not going to the miner, what would be the reason to mine?
My head just 🤯
In 3:03 you say there are 1 quintillion weis in 1 Ethereum. Should it maybe be in 1 Ether? Newbie here and learning, hence my question!
Brilliant videos - going through all of them now!
Exactly my question
Have you found an answer?
I will weigh in here, and i'm no certified expert or anything, but yes, he should have said Ether
My grandpa smashed the like button.
I loved the vid, but what makes the price fluctuate
I'm watching this on Dec 2021. Is the transaction fee gone now or no?
But cost of gas of a transaction isnt always 21000 gas, right? I minted an nft that used 175343 gas, how is this possible?
Hi just want to take a minute to subscribe, like and comment to show my appreciation for creating these videos. I have learnt tons from you. THANK YOU.
This Has to be an episode from Rick and Morty
420 at 4:20 .... niceee
Expensive
Straight over my head.
this was the moment that i realized it takes 3 days of mining for my 1060 to cover just the gas fee
Why will miners continue at all if all of the transactions fees are now burned?
This video is all the reason I need to use Avalanche.
Watched a lot of videos in a week, and the content is super nice! A lot of stuff learned. One thing that I dont like is that the speed of speech and the voice frequency is kinda too much and annoying. Try to lower the voice and talk slower. ✌
so gas prices will only get more expensive?
Did the EIP 1559 got implemented ???