Talent

⛽ Gas fees & Transactions ⛽️

● Ever wondered why you pay gas fees when using the blockchain?
Let’s break it down in a few simple vibes.

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Blockchain Storyteller | Web3 Educator
Airdrop Hunter | On-chain Alpha | AMB |
Security in Progress

● Gas Fee = Gas Limit × Gas Price (gwei).

Gas Limit = How much work

Gas Price = How much you’re willing to pay per unit
Busy network = higher price.

● Gas = fuel.
The more complex the action, the more gas it burns.
Simple transfer = low gas.
DeFi, NFTs, on-chain gaming = more gas.

● Blockchains don’t have centralized servers.
Your transaction is processed by validators/miners around the world.
Gas fees pay them to run and secure the network.