Posted in r/ethereum by u/nbr1bonehead • 16 points and 5 comments The Ethereum blockchain requires Ethereum gas to keep itself running in the same way that a car needs gasoline to keep the lights on. All transactions on the Ethereum network cost a certain amount of gas, depending on the current demand for gas and the size and speed of the contract one is trying to execute. Ethereum Stack Exchange is a question and answer site for users of Ethereum, the decentralized application platform and smart contract enabled blockchain. It only takes a minute to sign up. Sign up to join this community Ethereum, for example, can process transactions in the range of 15 transactions per second — and Bitcoin […] Page 1 of 3 1 2 3. Blog Updates. Follow Us. Tags. Ethereum is an open sourced operating system (think Linux), however it works on a globally distributed volunteer network. This forms a "singleton" or "world computer" that is immune to censorship AND corporate AND government AND regulatory interference.
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