CRYPTO GLOSSARY · TECH

What is Gas Fees?

Transaction fees paid on blockchain networks.

📖 Full Definition

Gas fees are payments made by users to compensate for the computational energy required to process and validate transactions on a blockchain. Ethereum gas fees are paid in ETH and fluctuate based on network demand.

💡 Example

Ethereum gas fees can range from $1 during low traffic to $100+ during NFT minting frenzies.

🔗 Related Terms

Ethereum

Programmable blockchain for smart contracts.

Gwei

Small unit of Ethereum (10^9 wei).

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