Glossary
Gas fee terms in plain English.
- Gas
- A unit of computational work required to execute a blockchain transaction or contract call.
- Gwei
- A small denomination of ETH commonly used to quote Ethereum gas prices.
- Base fee
- The protocol-set Ethereum fee that changes with block demand under EIP-1559.
- Priority fee
- An optional tip used to incentivize faster transaction inclusion.
- Layer 2
- A scaling network that executes activity away from a base chain while preserving a settlement relationship.
- Bridge
- A tool or protocol for moving assets or messages between blockchains.