📚 DAY 13 | What is “Gas” on Ethereum? ⛽️
When you perform an operation on Ethereum, like sending ETH or using an app, you need to pay a small fee.
That fee is known as **gas** ⛽️
👉 Gas is used to pay for the work that the network’s validators do to process transactions.
And something important:
🔹 It doesn’t always cost the same.
🔹 It can increase when there’s a lot of activity on the network.
🔹 A more complex transaction may require more gas.
💡 Think of it like the cost of using a highway: the more traffic there is, the more the price of the trip can vary.
Have you already heard about “gas” on Ethereum? 👀
#Crypto #Ethereum #Bitcoin #Cryptocurrencies #Web3 #LearningCrypto #BinanceSquare
When you perform an operation on Ethereum, like sending ETH or using an app, you need to pay a small fee.
That fee is known as **gas** ⛽️
👉 Gas is used to pay for the work that the network’s validators do to process transactions.
And something important:
🔹 It doesn’t always cost the same.
🔹 It can increase when there’s a lot of activity on the network.
🔹 A more complex transaction may require more gas.
💡 Think of it like the cost of using a highway: the more traffic there is, the more the price of the trip can vary.
Have you already heard about “gas” on Ethereum? 👀
#Crypto #Ethereum #Bitcoin #Cryptocurrencies #Web3 #LearningCrypto #BinanceSquare
