Tag: high fees Ethereum network

Where Do Ethereum Gas Fees Go

When you send a transaction on the Ethereum network, you are required to pay a gas fee. This gas fee goes to the miners who process your transaction. Miners are rewarded for their work by being paid in gas fees. They use these fees to pay for the electricity and hardware costs associated with mining. […]

What Are Gas Fees Ethereum

When you send a transaction on the Ethereum network, you are required to attach a gas fee. This gas fee is used to pay miners for their work in processing your transaction. The gas fee is calculated based on the amount of data that is being processed by the transaction. The more data that is […]