EthereumBeginner

Gas price

The amount of ether paid per gas unit for an Ethereum transaction.

PLAIN-ENGLISH DEFINITION

In more detail

Modern transactions specify fee caps; the effective price depends on the applicable base fee and priority payment.

PUT IT IN CONTEXT

A practical example

A fee estimate multiplies expected gas use by the effective gas price.

Was this clear?

Got a clearer way to explain Gas price?

Add your perspective

Go to the source

Use the original reference to explore the details behind this entry.

Read the primary reference

Educational explanation based on the linked documentation. Protocol details can evolve. Sources & standards