Gas fee: definition and meaning
A gas fee is the payment you make to have a transaction processed on a blockchain such as Ethereum.
Why it matters
Fees rise when the network is busy, so timing can change how much a transaction costs.
Related terms
- Smart contract
A smart contract is a program stored on a blockchain that runs automatically when its cond… - Layer 2
A layer 2 is a network built on top of a base blockchain to process transactions faster an…
Guides that explain more
Educational content only, not financial advice.