Gas Golfing
Gas Golfing refers to a strategy used in the Ethereum network where users aim to predict the gas price of future blocks. This strategy is often employed by traders and investors to optimize transaction costs and improve the efficiency of their operations on the Ethereum blockchain. Understanding Gas Golfing Gas Golfing emerged as a response...
Gas Limit
The term "Gas Limit" refers to the maximum amount of computational effort that a user is willing to expend on a transaction or a smart contract operation in the Ethereum network. It acts as a cap, preventing excessive computational work that could otherwise slow down the network or lead to financial losses due to high...
Gas Price
In the realm of cryptocurrency, the term "Gas Price" refers to the fee required to successfully conduct a transaction or execute a smart contract on blockchain networks such as Ethereum. This fee is paid to network miners or validators as a reward for processing and validating transactions. Recently, the dynamics of Gas Prices have been...
Gas Refund
In the realm of cryptocurrency transactions, "Gas Refund" refers to the reimbursement or reduction of gas fees incurred during blockchain operations. Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on a blockchain network. Recent data from Ethereum, the second-largest blockchain platform, shows that gas...
Gavin Andresen
Gavin Andresen is a notable name in the cryptocurrency world. The American software developer is widely recognized for his pivotal contribution to the development of Bitcoin, becoming one of the prominent influencers in the sphere. Background or History Gavin Andresen was born in 1966 and worked as a software developer for over 20 years. In...
Gavin Wood
Gavin Wood is a prominent figure in the cryptocurrency and blockchain technology sector, best known as the co-founder of Ethereum and the founder of Polkadot. His work primarily involves the development of foundational blockchain infrastructure and innovative solutions for decentralized applications (DApps). Wood's contributions to the blockchain industry began with his role in the development...
GDP Deflator
The GDP deflator is a broad measure of inflation within an economy that reflects the change in prices of all domestically produced goods and services. It is often used to convert output measured at current prices into constant-dollar terms. As of the latest data, the U.S. Bureau of Economic Analysis reported a GDP deflator increase,...
Genesis Block
The "Genesis Block" refers to the very first block of a blockchain. It serves as the foundation upon which additional blocks in a blockchain are sequentially added. This block is also known as Block 0 or Block 1 in different blockchain systems. Recent trends in blockchain technology highlight the foundational role of the Genesis Block...
Geth (Go Ethereum)
Geth, or Go Ethereum, is the official Go implementation of the Ethereum protocol, primarily developed and maintained by the Ethereum Foundation. It is used to run Ethereum nodes in the Go programming language, enabling users to mine Ether, deploy smart contracts, create decentralized applications (dApps), and participate in the Ethereum blockchain. Historical Context and Development...
Glassnode
Glassnode is an advanced blockchain data and analytics platform that provides insights into various blockchain and cryptocurrency markets through comprehensive data sets and analytical tools. It specializes in extracting, curating, and presenting on-chain data, which enables investors, analysts, and enthusiasts to make informed decisions based on the activity recorded on a blockchain. Understanding On-Chain Data...
Explore the MEXC Blog Glossary Archive to deepen your understanding of cryptocurrency and blockchain technology. This comprehensive resource features clear, easy-to-understand definitions of key crypto-related terms, concepts, and industry jargon. Whether you’re a beginner or an experienced trader, the glossary helps you stay informed, make smarter investment decisions, and navigate the fast-evolving crypto landscape with confidence. Start learning today and boost your crypto knowledge with MEXC!
