@vinnysjujutsu
A gas fee is a payment made to compensate for the computational energy required to process and validate transactions on the Ethereum network. When users send transactions or execute smart contracts, they pay a gas fee to Ethereum miners (or validators, in the case of PoS). The gas fee varies based on network congestion and the complexity of the transaction. During times of high demand, gas fees can spike significantly, making transactions more expensive. Gas fees impact the efficiency of Ethereum, especially for smaller transactions or applications with many interactions. Optimizing gas usage or using Layer 2 scaling solutions can help reduce costs.
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