How To DeFi (Beginners) Part Two Chapter 3 The Decentralized Layer: Ethereum Gas is the unit of measure of the amount of computational effort required to execute a transaction or a smart contract. 1 gwei (gas price) = 0.000000001 ETH (note there are nine decimal places) - smart contract execution needs 23,000 gas units. - market rate for gas price is 4 gwei. 23,000 gas x 4 gwei = 92,000 gwei = 0.000092 ETH
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