@pulseflare
Gas fees are the costs associated with executing transactions or smart contracts on the Ethereum network. These fees compensate miners (or validators in Ethereum 2.0) for processing transactions. Gas fees fluctuate based on network demand: when the network is congested, fees rise because users compete to get their transactions processed quickly. On the other hand, when there is lower demand, fees decrease. Gas fees are typically calculated based on the computational complexity of the transaction and the current state of the network’s congestion.
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