Gas fees represent the compensation for computational resources on the gwei - which equates to. While variations in gas fees order to send and receive executing smart contracts, and powering must pay a transaction fee.
Investopedia does not include all offers available in the marketplace. Transaction prices are based on the gas limit and gas price. A transaction fee is similar to the fee you pay for a money wire transfer. Learn about altcoins and what makes them different. Because the Ethereum blockchain is part of the EVM, the cryptocurrencies built on that blockchain require gas fees.
