Glossary-G

G

GameFi

Abbreviation - Game Finance

Sometimes used synonymously with #Play-To-Earn, this term refers to the intersection of gaming and decentralized finance. Gamers are offered the ability to earn digital assets that can be bought, sold, or traded outside the game’s native ecosystem utilizing blockchain technology.

See also: #CeFi, #DeFi

Gas

Fees required to execute a transaction or interaction with a smart contract on the Ethereum network.

https://ethereum.org/en/developers/docs/gas/

See also: #Ethereum, #Gas Fees, #Transaction Fee

Gas Estimator

A tool or service used to inspect pending transactions for the Ethereum blockchain to provide information on the amount of gas that will be required to execute a transaction on the network.

See also: #Gas, #Gas Fees

Gas Fee

A fee required to execute a transaction on the Ethereum blockchain. These fees incentivize miners to validate blocks and verify and process transactions between users. Prices are determined based on the complexity of the transaction, as well as current network congestion and capacity.

See also: #Gas, #Gas Estimator, #Gas Limit, #Gas Price, #Max Fee Per Gas, #Transaction Fee

Gas Limit

The highest amount of gas a user authorizes to process a transaction on the Ethereum blockchain. These amounts are often calculated automatically by cryptocurrency wallets, but they may also be set manually by users. Inappropriate limits may result in gas consumption and a failed transaction, or overpayment for a successful transaction.

See also: #Gas Fees

Gas Price

Price that a user is willing to pay per unit of computational work in relation to executing a transaction on the Ethereum network. Along with the gas limit, this is used to determine the total cost of a transaction and is determined by the demand for block space, which can vary considerably based on network congestion.

See also: #Gas Fees

Generative Art

Art that involves the use of an autonomous system to determine certain features that the artist would otherwise determine. ‘’’Generative art’’’ often incorporates randomness and computational systems to represent a fusion of technology and creative expression.

See also: #NFT, #NFT Marketplace

Genesis Block

The first block of a new blockchain, and, as such, does not contain any reference to a previous block by design. This initial block records the initial state of the blockchain network and sets the stage for all future blocks and transactions.

See also: #Block, #Blockchain, #Block Explorer

GM

Acronym - Good Morning

GMI

Acronym - Gonna Make It

See also: #NGMI, #WAGMI

GNO

Ticker Symbol - The native token of the Gnosis chain.

See also: #Gnosis

Gnosis

An Ethereum layer 2 solution launched in 2017. ‘’’Gnosis’’’ is governed by its community via GnosisDAO and its staking and governance token, GNO.

See also: #Ethereum, #GNO, #Layer 2

Graph

See #Open Graph or #Closed Graph

Goerli

A community-run Proof of Authority Ethereum testnet network launched in 2019 that operates as a sidechain.

See also: #Proof of Authority, #Ethereum, #Testnet, #Mainnet

Gwei

One billionth (1/1,000,000,000) of one Ether (ETH), the native token of the Ethereum network, typically used when referencing gas prices.

See also: #Ethereum, #Gas Fees, #Wei