Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: rddsd7 on December 22, 2017, 08:55:36 AM



Title: GAS value | For what??
Post by: rddsd7 on December 22, 2017, 08:55:36 AM
We are giving a GAS value for ETH transferring?? So, is TX Speed depend on GAS value??
High GAS value --> low tx time??

What are the other facts??


Title: Re: GAS value | For what??
Post by: IlfarIldarovich on December 22, 2017, 09:02:35 AM
Hi , the higher the Gas the faster are the transaction , there is a special website to check the optimal placing of gas


Title: Re: GAS value | For what??
Post by: IrenNTA on December 22, 2017, 09:13:42 AM
When setting gas limit and gas price (gwei) you define the transaction cost. The higher transaction cost the faster is will be operated by nodes. You can always check the current optimal gas setting on this resource: https://ethgasstation.info/


Title: Re: GAS value | For what??
Post by: mariaana on December 22, 2017, 11:57:44 AM
Gas value is the associated cost required to perform a transactions, from simple transfers to ICO smart contracts. Thus, simple transactions like transfers will require less gas to perform than more intense smart contracts.


Title: Re: GAS value | For what??
Post by: cryptospear on December 22, 2017, 12:00:14 PM
smaller amount of transactions the smaller gas required in each tx.


Title: Re: GAS value | For what??
Post by: Trixie28 on December 28, 2017, 09:42:14 AM
in every transactions for the eth is required all you have a gas for the fastest  and safest transaction on the market.Gas uses it for transfering coins , selling / buying coins.