Understanding Ethereum Gas Fees

Krutika Adani

What Are Ethereum Gas Fees?

Gas fees are payments made to miners or validators to process transactions on the Ethereum network.

Why Are Gas Fees Important?

They ensure the network functions smoothly by rewarding and securing those who process transactions.

How Are Gas Fees Calculated?

Gas fees depend on the complexity of the transaction and the network’s congestion. More traffic = higher fees.

Factors Affecting Gas Fees

Transaction type (simple transfer vs. contract execution) and Network demand

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