What is Ethereum Gas?

Ethereum gas is the internal pricing for running a transaction or contract in the Ethereum network. It is used to prevent network spamming and allocate resources proportionally to the incentive offered by request. Every operation performed on the Ethereum network, such as a transaction or the execution of a smart contract, requires a certain amount of computational effort and thus consumes a certain amount of gas. The cost of gas is denominated in Ether, the native cryptocurrency of the Ethereum…