Block Chain - Gas Fees

Gas Fees – Small transaction fees paid to blockchain networks (like Ethereum) to process and validate operations. These fees compensate the network’s nodes (miners or validators) for computing power and resources used to execute transactions or run smart contracts.

Key Points:

1. Payable in Network’s Native Token – For example, Ethereum users pay gas fees in ETH.

2. Depends on Network Activity – Higher network congestion usually leads to higher gas fees.

3. Purpose – Prevents spam transactions and incentivizes nodes to maintain the network.

If you want, I can also give a simple analogy for gas fees to make it easier to understand for beginners. Do you want me to do that?