Who actually gets the network fee that pops up when you make a transfer?
First, what it is: Gas is the unit Ethereum uses to measure how much computation a transaction requires. A regular ETH transfer uses 21,000 Gas.
Why it works this way: Charging for every computational step helps prevent people from clogging the network with code that runs in an infinite loop, for example.
$ETH is the native coin used to pay Gas on Ethereum mainnet.
Understanding how it works helps you make more informed decisions; it’s not about predicting price movements.
#ETH
First, what it is: Gas is the unit Ethereum uses to measure how much computation a transaction requires. A regular ETH transfer uses 21,000 Gas.
Why it works this way: Charging for every computational step helps prevent people from clogging the network with code that runs in an infinite loop, for example.
$ETH is the native coin used to pay Gas on Ethereum mainnet.
Understanding how it works helps you make more informed decisions; it’s not about predicting price movements.
#ETH