Gas fee

Gas fee

A gas fee is the cost paid to process a transaction or execute an action on a blockchain. Every operation, such as sending tokens or interacting with a smart contract, requires computational power and network resources.

Gas fees are used to incentivize and compensate network participants who validate or confirm transactions, helping keep the blockchain secure and efficient. The amount of gas you pay varies depending on the blockchain you use, the level of network activity, and the complexity of the transaction.