In cryptocurrency transactions using blockchain, everyone will at some point encounter the concept of "gas fees." Gas fees are incurred during various actions on the network, such as sending tokens, executing smart contracts, and integrating with DApps. However, surprisingly few people have an accurate understanding of why gas fees are necessary, how they are calculated, and how to prevent transaction failures. In this article, we will explain the mechanism of gas fees in cryptocurrency in detail and provide practical advice to facilitate smooth transactions.
What are Gas Fees: The Basic Mechanism of Cryptocurrency Networks
Gas fees refer to the cost required to process and validate transactions on the blockchain network.