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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Gas Price on: October 07, 2017, 05:22:47 AM
the ethereum network has 2 different currencies: ether and gas.  neo works the same way.  ether is the basic unit of value that gets moved around, and gas is the fee that provides the incentive to move it.  in neo, gas is separated out as a different token that can be traded.

I don't think this is accurate. Ethereum uses Ether as it's fuel/gas to compute on the network. All transactions are just operations/functions executed on the EVM. There is no separate 'gas' token on the Ethereum Network--it's just Ether.

While yes, Ether is a unit of value that pays for the usage of the network. Remember, gas fee is in the unit of Ether. It's easier to see by looking at a random transaction on the network. https://etherscan.io/tx/0xdf654dd4c220b0e30cae5207d68aee223234b277d1347e89c68c1a6917cf85f6

It's also important to note that Ether isn't intended to be a currency. And you don't buy Ethereum, you buy Ether. You don't send someone Ethereum, you send them Ether. All ERC20 tokens require Ether to execute the required operations on the contracts. All of the ERC20 tokens use the same Ethereum Blockchain as well. It's really awesome when put into perspective.

These are some of the basics that need to be understood because I see a lot of misinformation spread around.
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