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- What is meant by the term “gas”? 7 answers
I have gone through probably 3000 online resources but didn't quite get a reply to my question. I am sure the experts here can address the issue and help me out. My question is - Everyone says that you need to have 'some amount of gas' to process/send a transaction on myetherwallet. Where does this 'some amount of gas' come from? Do I have to deposit hard cash to obtain the gas? Do I have to send ETH from any other exchange? Or does the gas amount get automatically adjusted from the transaction value being processed? Since I am new in the crypto space, I would appreciate a simple answer. As simple as possible.