Definition ∞ Gas Price Lows refer to periods when the computational cost required to execute transactions or smart contract operations on a blockchain network, such as Ethereum, is unusually reduced. This cost, known as “gas,” is paid to network validators for processing operations. Low gas prices indicate less network congestion.
Context ∞ Gas price lows frequently appear in cryptocurrency news, offering insights into network activity and user engagement. These periods often coincide with reduced demand for blockchain services, making transactions more affordable for users. The situation provides an opportunity for users to conduct operations at a lower cost, influencing the economic viability of various decentralized applications.
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