Glossary term

Gas Price

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

  • Updated August 17, 2018
  • First published April 25, 2018
  • Reading time 1 minute
Back to glossary

Definition

Understand the fundamentals, context, and nuances behind this term.

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

More terms that start with "G"

Browse all

Continue your research

Stories, market data, and analysis that reference this concept.