When many people try to execute transactions at the same time, bidding up gas fees to get their transaction included first.
When many people try to execute transactions at the same time, bidding up gas fees to get their transaction included first. This commonly happens during popular NFT mints, token launches, and airdrop claims. Gas wars on Ethereum have pushed single transaction fees to hundreds of dollars.
The fee paid to process transactions on Ethereum and similar blockchains.
A unique digital asset on a blockchain representing ownership of art, collectibles, or other items.
Creating new tokens or NFTs on a blockchain.
Application Binary Interface.
A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.
The Ethereum standard for account abstraction without changing the core protocol.
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