What exactly is a Gas fee?
When a transaction fails, the Gas consumed is generally not refunded, because validators have actually done the computation. A transaction's fee is roughly equal to the amount of Gas consumed multiplied by the Gas price, which is usually denominated in Gwei.
One purpose of charging based on computational work is to prevent malicious programs from bringing down the entire network with code such as infinite loops.
On Ethereum, $ETH is used to pay for Gas. Current price: 2498.09.
#ETH
This data is for reference only; don't take it as gospel.
When a transaction fails, the Gas consumed is generally not refunded, because validators have actually done the computation. A transaction's fee is roughly equal to the amount of Gas consumed multiplied by the Gas price, which is usually denominated in Gwei.
One purpose of charging based on computational work is to prevent malicious programs from bringing down the entire network with code such as infinite loops.
On Ethereum, $ETH is used to pay for Gas. Current price: 2498.09.
#ETH
This data is for reference only; don't take it as gospel.