Gas fees are the charges you pay to complete transactions on a blockchain. Think of them as tolls that keep the network running efficiently. These fees are paid using the blockchainβs own currency, such as ETH on Ethereum or BNB on Binance Smart Chain. They help maintain security and compensate those who verify transactions. To reduce costs, you can use more affordable blockchains, tweak transaction settings, or explore Layer 2 solutions.
Here's the full article explaining everything you need to know about Gas fees: https://medium.com/@hirunw/introduction-to-gas-fees-in-blockchain-in-just-5-minutes-39e20d9b23dd
[link] [comments]

You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments