Gas Fees

Gas fees are charges paid to process transactions on blockchain networks, like Ethereum. They compensate miners or validators for the computational energy required to secure and verify transactions. The amount varies based on network demand: when more people want to make transactions, fees increase. Think of gas fees like postage: the more people sending mail (transactions), the higher the costs to ensure your letter arrives quickly. Users can adjust their fee to prioritize speed versus cost, with higher fees generally leading to faster processing.