Questions dealing with the gas price of a transaction.
So as to encourage miners' continued participation in the network, each transaction incurs a transaction fee denominated in gas units
. The more complex a transaction, the higher the number of gas units incurred.
gas price
is the amount the payer of the transaction fee is willing to pay for each gas unit
. Higher gas price
encourages more miners to include the transaction in a block, thereby increasing the likelihood that the transaction will be processed quickly.
If you were in line at a gas station, and you let the owner of the gas station know that you were willing to pay $100.00 US for a gallon of gas if they moved you to the front of the line, they would move you to the front of the line. Higher gas price
equals faster service.