Definition

Gas Price

noun GAS prys

The maximum a user is willing to reward a miner in order to have their transaction processed, higher prices ensure faster transaction times.

In a sentence

The user increased the gas price to improve the transaction’s chance of being processed quickly.

1 of 5
Share definition
Share on X Email

The Catalyst

Daily Newsletter

Know what’s moving crypto.

Start with the stories that matter. Get the context behind the headlines and a clear view of what to watch next.