Understanding Gas Fees in Crypto Transactions
What Are Gas Fees? When you send cryptocurrency, buy an NFT, or use a decentralized application (dApp), you often see an extra cost called gas fees. This is not a hidden tax, but the payment you make to the blockchain network for processing your transaction. Gas fees are like service charges in banks, but instead of going to a company, they go to the network’s participants (miners or validators) who maintain and secure the blockchain....
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