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.

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Tasks:

1. Fork the Repository

   • Fork 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.

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Example Submission Format (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...  

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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!