The recent Ethereum bull run has caused quite a stir in the crypto space. Although the continuation of the 2020 Bitcoin bull runis still in full swing, eyes are turning to Ethereum as it approaches its previous all-time high. Some Ethereum predictions even suggest that we could see an Ethereum bull run in 2021 perform in a similar way to Bitcoin's atmospheric rise during late 2017.
If you’ve just entered the world of decentralized finance, you may be asking yourself: “What is Ethereum gas?” or “What is Gwei?”. Well, you’re not alone! Rarely is Ethereum gas explained to new users or understood properly. Gas is the fee paid to Ethereum nodes to mine transactions. Therefore, Ether gas price is the cost of an Ethereum transaction fee. This applies to any token transacted on the Ethereum network. The Ether gas price can fluctuate dramatically depending on network congestion. This is something that many newcomers fail to understand, and as a result, get "rekt" as a result.