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Gas

Gas is a unit used on the Ethereum blockchain to measure the computational effort required to execute transactions and smart contracts. It’s the fee paid by users to miners to process and validate their transactions or execute smart contracts.

In trading, the gas price can affect the profitability of trading bots. When the gas price is high, transaction fees can eat into profits or render some trades unprofitable. Therefore, trading bots need to take into account the current gas prices when executing trades on the Ethereum blockchain to optimize profits. Some bots may even be designed to wait for lower gas prices before executing trades to maximize profitability.

  • Ledger
    In cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain..., a ledgerIn cryptocurrency, a ledger is a digital record of all transactions that have occurred within a particular blockchain network. It includes information such as the... is a digital […]
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  • All or None Order (AON)
    AON (All or None) orders are a type of order in which the entire order must be filled or none of it will be executed. This is often used to ensure that a trader only buys or sells an asset in a single transaction rather than in pieces. Trade bots can use AON orders as […]
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  • Address
    String of text that designates the location of a particular walletA cryptocurrency wallet is a digital wallet that is used to store, send, and receive cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. It's similar to... on the blockchainThe blockchain is a digital ledger that records transactions in a secure and decentralized manner. Think of it […]
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