A site that estimates the gas for a transaction.
Friday, April 22, 2022
Units converter - Ethereum
See how much a certain amount is in Wei , Gwei, and Ether units.
eth-converter.com
Gas
Gas: awarded to node operators for successfully including a transaction on a blockchain (adding a transaction to a blockchain).
The amount of gas a certain transaction requires depends on how "computationally intensive" that transaction is, for example, sending crypto to one address would require less gas than sending crypto to 100 addresses.
Gas: measure of computation use
Gas price: how much it costs per unit of gas
gas limit: maximum amount of gas for a transaction
transaction fee: (gas used) x (gas price)
for example:
16,000 gas @ 1 GWEI per gas = 16,000 GWEI
Gas prices fluctuate based on demand on the blockchain.
Source:
Patrick Collins
https://www.youtube.com/watch?v=M576WGiDBdQ&t=191s
Etherscan - a block explorer
A "block explorer" is an application that allows us to view transactions on a blockchain.
Etherscan is an example of a block explorer.
Faucet - Rinkeby
faucet.rinkeby.io
A faucet is an application that gives free tests tokens for testing use.
Test networks:
Rinkeby
Ropstem
Kovan
Goerli