27-02-2024 16:00 via hongkiat.com

Understanding Ethereum Network Fees for Beginners

The Ethereum (ETH) network fee, often called a “gas” fee, is like paying for the energy needed to do something on Ethereum’s network. It’s like giving a tip for getting your transaction or smart contract done.
In this guide, we’re going to make everything about Ethereum’s network fees. We’ll explain why these fees exist, how they work, and what changed with the EIP-1559 update. Our goal is to help you get a clear picture so you can use the Ethereum netwo
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