Gas-related concepts

Gas fee

Fee paid to miners.

Take Ethereum as an example: when a user transfers money on the Ethereum network, the transaction can only be completed after miners pack this transaction and put it on the blockchain. This process consumes the computational power of the blockchain.

Different tokens are used for payment on different main networks: for example, the Ethereum network uses ETH, while OKC uses OKT.

Calculation formula of gas fee: Gas Fee = Gas Price * Gas Limit.

Gwei

Price per unit of gas.

Gas price is usually expressed in Gwei, 1 Gwei = 0.000000001 ETH.

Gas price

Gas Price refers to the amount of Gwei.

It affects the speed of a user’s transaction. If you set a higher gas price, miners will likely prioritize your transaction. On the contrary, if you lower the gas price, your transaction will typically take more time.

Gas limit

Defines the maximum amount of gas an operation can use before each transaction or contract order.

If the amount of gas used in this operation is less than or equal to the gas limit set by the user, the operation will be executed.

Transactions with a lower gas limit than the gas actually used will never execute. In this case, you will not be refunded the gas spent.

The gas limit is usually set at a standard of 21,000.

Disclaimer
Deze inhoud is uitsluitend bedoeld ter informatie en kan producten bevatten die niet beschikbaar zijn in jouw regio. Het is niet bedoeld als (i) beleggingsadvies of een beleggingsaanbeveling; (ii) een aanbod of verzoek om crypto-/digitale bezittingen te kopen, verkopen of aan te houden; of (iii) financieel, boekhoudkundig, juridisch of fiscaal advies. Het bezit van crypto en digitale bezittingen, waaronder stablecoins en NFT's, brengt een hoog risico met zich mee en kan sterk fluctueren. Overweeg zorgvuldig of het, aan de hand van je financiële situatie, verstandig is om crypto-/digitale bezittingen te verhandelen of te bezitten. Raadpleeg je juridische, fiscale of beleggingsadviseur als je vragen hebt over je specifieke situatie. De informatie in dit bericht (inclusief eventuele marktgegevens en statistieken) is uitsluitend bedoeld als algemene informatie. Sommige inhoud kan worden gegenereerd of ondersteund door tools met kunstmatige intelligentie (AI). Hoewel alle redelijke zorg is besteed aan het voorbereiden van deze gegevens en grafieken, aanvaarden wij geen verantwoordelijkheid of aansprakelijkheid voor eventuele feitelijke fouten of omissies hierin. OKX Web3-wallet en bijbehorende diensten zijn niet aangeboden door OKX Exchange en zijn onderhevig aan de Gebruikersvoorwaarden van het OKX Web3-ecosysteem.

Gerelateerde artikelen

Bekijk meer
endereço de carteira blockhain

Is a paper wallet right for you? The pros and cons of using a paper wallet

When it comes to safely storing your crypto, it’s widely recommended to withdraw your coins from an exchange and store them in a personal wallet, as t
25 nov 2025
Beginners
Best of Web3 thumb

What are smart contracts?

Smart contracts are self-executing digital agreements written in computer code that exist on blockchain networks. They've become an essential technolo
21 nov 2025
Beginners
Crypto adoption generic thumbnail

What is circulating supply?

When it comes to deciding which cryptocurrency to invest in, numerous aspects of the project need to be considered. Whilst many focus solely on its pr
21 nov 2025
Best of Web3 thumb

What is a block reward?

While the crypto industry has adopted plenty of concepts from traditional finance, it’s also created its fair share. One concept that’s emerged from t
21 nov 2025
Gemiddeld
Scalability generic thumb

What are blobs? Ethereum's solution for scalability and efficiency

The introduction of blobs during Ethereum's Dencun hard fork is a major development in blockchain technology. Blobs are data structures that allow f
20 nov 2025
Geavanceerd
Introducing BRC20-S

Introducing BRC20-S: A revolutionary new opportunity for Bitcoin and BRC-20 staking

## BRC-20 and Bitcoin staking are coming to OKX Web3 Earn BRC-20 rapidly gained momentum within the Bitcoin community when it landed on March 8, 2023.
20 nov 2025
Bekijk meer