Search icon CANCEL
Subscription
0
Cart icon
Your Cart (0 item)
Close icon
You have no products in your basket yet
Arrow left icon
Explore Products
Best Sellers
New Releases
Books
Videos
Audiobooks
Learning Hub
Free Learning
Arrow right icon
Arrow up icon
GO TO TOP
Building Blockchain Projects

You're reading from   Building Blockchain Projects Building decentralized Blockchain applications with Ethereum and Solidity

Arrow left icon
Product type Paperback
Published in Apr 2017
Publisher Packt
ISBN-13 9781787122147
Length 266 pages
Edition 1st Edition
Languages
Concepts
Arrow right icon
Author (1):
Arrow left icon
Narayan Prusty Narayan Prusty
Author Profile Icon Narayan Prusty
Narayan Prusty
Arrow right icon
View More author details
Toc

Table of Contents (10) Chapters Close

Preface 1. Understanding Decentralized Applications FREE CHAPTER 2. Understanding How Ethereum Works 3. Writing Smart Contracts 4. Getting Started with web3.js 5. Building a Wallet Service 6. Building a Smart Contract Deployment Platform 7. Building a Betting App 8. Building Enterprise Level Smart Contracts 9. Building a Consortium Blockchain

Gas


Gas is a unit of measurement for computational steps. Every transaction is required to include a gas limit and a fee that it is willing to pay per gas (that is, pay per computation); miners have the choice of including the transaction and collecting the fee. If the gas used by the transaction is less than or equal to the gas limit, the transaction processes. If the total gas exceeds the gas limit, then all changes are reverted, except that the transaction is still valid and the fee (that is, the product of the maximum gas that can be used and gas price) can still be collected by the miner.

The miners decide the gas price (that is, price per computation). If a transaction has a lower gas price than the gas price decided by a miner, the miner will refuse to mine the transaction. The gas price is an amount in a wei unit. So, a miner can refuse to include a transaction in a block if the gas price is lower than what it needs.

Note

Each operation in EVM is assigned a number of how much gas it...

lock icon The rest of the chapter is locked
Register for a free Packt account to unlock a world of extra content!
A free Packt account unlocks extra newsletters, articles, discounted offers, and much more. Start advancing your knowledge today.
Unlock this book and the full library FREE for 7 days
Get unlimited access to 7000+ expert-authored eBooks and videos courses covering every tech area you can think of
Renews at $19.99/month. Cancel anytime
Banner background image