TECHNICAL CONCEPTS
Gas (Gas Fee)
Definition
Gas is the unit that measures the computational effort required to execute operations on Ethereum. Users pay gas fees to miners/validators to process their transactions.
Example
Example
A simple ETH transfer might cost 21,000 gas units, while complex DeFi interactions can cost 200,000+ gas units.
Risks to Consider
Risks
- High cost during congestion
- Failed transactions
- Unpredictable pricing
Common Questions
Why are gas fees so high sometimes?
Gas fees increase with network demand. During busy periods, users compete by paying higher fees to get their transactions processed faster.
