I successfully sent some cryptocurrency the other day. Then when I looked over my transaction, it had a gas amount or charge. What is this gas amount? I never heard of it and I don't even know what it is. Now is there anyway to avoid it or at the very least minimize it's amount? Please can someone give me some advice and steer me in the right direction!
Gas is the internal prices of the Ethereum platform established for performance of transactions or the smart contract. At the time of writing before start of Frontier it is recorded on a mark in 10 Szabo that makes about 1/100 000 air (Ether). It is made to separate unit of air (ETH) and its market value from a unit of measure of use of computing power (gas).
Thus, the mayner can decide to increase or reduce use of gas according to its purposes, avoiding a situation in which increase in market prices of Ethereum will result in need of the change in price for gas. It also is the response to discussion in bitcoin community of structure of the commissions.
The gas system not strongly differs from use of the designation "kilowatt" for measurement of house electricity consumption. There is only one difference from the real market of the electric power.
It is that the initiator of transaction himself establishes gas price with which the mayner can agree or not agree that he as a result leads to emergence of the market of the gas