Andreas Antonopolous, author of the book “Mastering Ethereum”
Taken from the book Mastering Ethereum

An object containing an address, balance, nonce and optional storage and code.
An account can be a contract account or an EOA (externally owned account).

Most generally, this represents an EOA or contract that can receive (destination
address) or send (source address) transactions on the blockchain. More specifically…

In a nutshell

Gas is the execution fee paid for transactions on the Ethereum network.
Its price is expressed in ether and it’s decided by the miners.
The operations have a gas cost to be executed.
The miners decide the gas price, which is the price of one unit of gas. …

Daniel Martins

Blockchain enthusiast. See

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