Crypto Basics | What exactly are gas fees?
Gas is the unit Ethereum uses to measure the computational resources a transaction requires. A regular ETH transfer uses 21,000 Gas.
Layer 2 networks bundle many transactions together before submitting them to the mainnet, so the Gas fee per transaction is usually much lower once the cost is shared.
$ETH is the native coin used to pay Gas on the Ethereum network.
Make sure you understand the rules before getting started—don't place an order on impulse.
#ETH
Gas is the unit Ethereum uses to measure the computational resources a transaction requires. A regular ETH transfer uses 21,000 Gas.
Layer 2 networks bundle many transactions together before submitting them to the mainnet, so the Gas fee per transaction is usually much lower once the cost is shared.
$ETH is the native coin used to pay Gas on the Ethereum network.
Make sure you understand the rules before getting started—don't place an order on impulse.
#ETH