1️⃣What is Block and Gas?

A block is a collection of data stored on the blockchain. It contains information about recent transactions and is linked to the previous block in the chain, forming a permanent and unalterable record of all transactions that have taken place on the blockchain. The creation of new blocks is managed by a decentralized network of nodes and is secured through cryptographic algorithms. In the context of Gas Prediction Game, a block refers to a specific block on the EVM blockchain network, the gas price of which is the subject of the betting game.

Gas refers to the amount of computational effort required to complete a transaction on the EVM blockchain network. It is a measure of the amount of computational power required to process the transaction and add it to the blockchain. The gas price is paid by the sender of the transaction as a fee to the miner who processes the transaction and adds it to the blockchain. In Gas Prediction Game, players are betting on the gas price of a block, trying to correctly predict the gas price at the time the block is processed and added to the EVM blockchain network.