From eb681fe2a64dbdfb82049c35645fa64f66dbd49f Mon Sep 17 00:00:00 2001 From: CeceOs92 Date: Sun, 6 Jul 2025 12:50:08 +0100 Subject: [PATCH 1/6] Update README.md --- README.md | 68 ++----------------------------------------------------- 1 file changed, 2 insertions(+), 66 deletions(-) diff --git a/README.md b/README.md index 8111b5f..ee2b220 100644 --- a/README.md +++ b/README.md @@ -1,66 +1,2 @@ - - -### **Assignment: Gas and Fees + [Your Name]** - -#### **Objective:** -1. Explain your understanding of **Gas and Fees** in Ethereum, including how **EIP-1559** changed the fee structure. -2. Define **slippage** in the context of gas calculations. -3. Follow the submission steps below. - ---- - -#### **Tasks:** - -1. **Fork the Repository** - - Fork [ogazboiz/MGS](https://github.com/ogazboiz/MGS) to your GitHub account. - -2. **Create Your File** - - In your forked repo, create a file named: - ``` - Gas_and_Fees_YourName.adoc - ``` - (Replace `YourName` with your actual name, e.g., `Gas_and_Fees_Alex.adoc`.) - -3. **Write Your Explanation** - - In the file, answer: - - **What is Gas?** Describe its purpose in Ethereum transactions. - - **EIP-1559:** Explain how it reformed gas fees (base fee, priority fee, burning mechanism). - - **Slippage:** Define it and how it relates to gas prices (e.g., in swaps or high-demand blocks). - -4. **Submit a Pull Request (PR)** - - Push your file to your forked repo. - - Open a PR to the original `ogazboiz/MGS` repo with the title: - ``` - [Submission] Gas and Fees by YourName - ``` - - Include a brief description of your changes. - ---- - -#### **Example Submission Format (Markdown):** -```markdown -# Gas and Fees by Alex - -## What is Gas? -Gas is the unit measuring computational work on Ethereum. It prevents spam by requiring fees for transactions... - -## EIP-1559 Changes -- Introduced a **base fee** (burned) and **priority fee** (tip to validators). -- Dynamic pricing adjusts fees based on block congestion... - -## Slippage -Slippage occurs when the gas price changes before a transaction is mined, causing higher costs... -``` - ---- - -#### **Deadline:** -Submit your PR by **[Due Date]**. - -#### **Grading Criteria:** -- Clarity and accuracy of explanations. -- Proper file naming and PR formatting. -- Originality (no plagiarism). - -**Tip:** Use diagrams or code snippets (e.g., gas calculations) to enhance your submission! - +Gas is the unit used to measure how much computational effort it takes to perform an action on the blockchain. Gas is like fuel for doing anything on Ethereum. Fees are the cost in ETH you pay to the network for using its resources like a toll or service charge. EIP 1559 changed the fee structure Priority fee which encourages faster transaction inclusion, an optional tip to incentivize validators. +Slippage is the difference between expected gas cost and the actual gas cost you end up paying when your transaction is confirmed. slippage protects you from large loss due to price movement. From 1624da66621995e2a71300d9aab03833c6b4cdb6 Mon Sep 17 00:00:00 2001 From: CeceOs92 Date: Sun, 6 Jul 2025 12:52:51 +0100 Subject: [PATCH 2/6] Create Gas_and_Fees_Cynthia.adoc --- Gas_and_Fees_Cynthia.adoc | 1 + 1 file changed, 1 insertion(+) create mode 100644 Gas_and_Fees_Cynthia.adoc diff --git a/Gas_and_Fees_Cynthia.adoc b/Gas_and_Fees_Cynthia.adoc new file mode 100644 index 0000000..8b13789 --- /dev/null +++ b/Gas_and_Fees_Cynthia.adoc @@ -0,0 +1 @@ + From 75b67fc7d42a3dc0447627dd04751655c92ecfaf Mon Sep 17 00:00:00 2001 From: CeceOs92 Date: Sun, 6 Jul 2025 13:00:24 +0100 Subject: [PATCH 3/6] Update Gas_and_Fees_Cynthia.adoc --- Gas_and_Fees_Cynthia.adoc | 10 ++++++++++ 1 file changed, 10 insertions(+) diff --git a/Gas_and_Fees_Cynthia.adoc b/Gas_and_Fees_Cynthia.adoc index 8b13789..c0c74d5 100644 --- a/Gas_and_Fees_Cynthia.adoc +++ b/Gas_and_Fees_Cynthia.adoc @@ -1 +1,11 @@ +# Assignment: Gas and Fees + [Your Name] +## Objective: +1. Explain your understanding of Gas and Fees in Ethereum, including how EIP-1559 changed the fee structure. +2. Define slippage in the context of gas calculations. +3. Follow the submission steps below. +## Answers: + +1. Gas is the unit used to measure how much computational effort it takes to perform an action on the blockchain. Gas is like fuel for doing anything on Ethereum. Fees are the cost in ETH you pay to the network for using its resources like a toll or service charge. +2. EIP 1559 changed the fee structure Priority fee which encourages faster transaction inclusion, an optional tip to incentivize validators. +3. Slippage is the difference between expected gas cost and the actual gas cost you end up paying when your transaction is confirmed. slippage protects you from large loss due to price movement. From 79d8f2c92b66ac531a6dd67756667bf8a1c9a5da Mon Sep 17 00:00:00 2001 From: CeceOs92 Date: Sun, 6 Jul 2025 13:02:08 +0100 Subject: [PATCH 4/6] Update Gas_and_Fees_Cynthia.adoc --- Gas_and_Fees_Cynthia.adoc | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/Gas_and_Fees_Cynthia.adoc b/Gas_and_Fees_Cynthia.adoc index c0c74d5..d4fafe0 100644 --- a/Gas_and_Fees_Cynthia.adoc +++ b/Gas_and_Fees_Cynthia.adoc @@ -1,4 +1,4 @@ -# Assignment: Gas and Fees + [Your Name] +# Assignment: Gas and Fees ## Objective: 1. Explain your understanding of Gas and Fees in Ethereum, including how EIP-1559 changed the fee structure. 2. Define slippage in the context of gas calculations. From 16ce35f5e6a3cd83fc6cf11367d17d3f839c4521 Mon Sep 17 00:00:00 2001 From: CeceOs92 Date: Sun, 6 Jul 2025 13:03:32 +0100 Subject: [PATCH 5/6] Update Gas_and_Fees_Cynthia.adoc --- Gas_and_Fees_Cynthia.adoc | 2 ++ 1 file changed, 2 insertions(+) diff --git a/Gas_and_Fees_Cynthia.adoc b/Gas_and_Fees_Cynthia.adoc index d4fafe0..b4e6f39 100644 --- a/Gas_and_Fees_Cynthia.adoc +++ b/Gas_and_Fees_Cynthia.adoc @@ -1,5 +1,7 @@ # Assignment: Gas and Fees + ## Objective: + 1. Explain your understanding of Gas and Fees in Ethereum, including how EIP-1559 changed the fee structure. 2. Define slippage in the context of gas calculations. 3. Follow the submission steps below. From 3228a45c25c341df1b38fb91e77ca1c4afbded55 Mon Sep 17 00:00:00 2001 From: CeceOs92 Date: Sun, 6 Jul 2025 13:25:20 +0100 Subject: [PATCH 6/6] Update Gas_and_Fees_Cynthia.adoc --- Gas_and_Fees_Cynthia.adoc | 3 +++ 1 file changed, 3 insertions(+) diff --git a/Gas_and_Fees_Cynthia.adoc b/Gas_and_Fees_Cynthia.adoc index b4e6f39..eb4f9b1 100644 --- a/Gas_and_Fees_Cynthia.adoc +++ b/Gas_and_Fees_Cynthia.adoc @@ -11,3 +11,6 @@ 1. Gas is the unit used to measure how much computational effort it takes to perform an action on the blockchain. Gas is like fuel for doing anything on Ethereum. Fees are the cost in ETH you pay to the network for using its resources like a toll or service charge. 2. EIP 1559 changed the fee structure Priority fee which encourages faster transaction inclusion, an optional tip to incentivize validators. 3. Slippage is the difference between expected gas cost and the actual gas cost you end up paying when your transaction is confirmed. slippage protects you from large loss due to price movement. + +## X post link +https://x.com/CIgeh/status/1941831557729153525