What exactly are gas fees? Don’t worry—the class rep is here to explain:
Using a smart contract, for example to mint something, generally uses much more gas than a regular transfer.
Layer 2 networks bundle lots of transactions together before submitting them to the mainnet, so the fee per transaction is usually much lower.
This useful info won’t make me rich overnight, but it can help me avoid a few pitfalls.
$ETH 2365.52(-0.63%)
#ETH
Using a smart contract, for example to mint something, generally uses much more gas than a regular transfer.
Layer 2 networks bundle lots of transactions together before submitting them to the mainnet, so the fee per transaction is usually much lower.
This useful info won’t make me rich overnight, but it can help me avoid a few pitfalls.
$ETH 2365.52(-0.63%)
#ETH