When you send a transaction on the Ethereum network, you are charged a fee. But where does that fee go? The fee goes to the miners who are verifying and committing your transaction to the blockchain. Miners are rewarded for their work by being awarded new Ethereum tokens with each block they mine. The Ethereum […]
What Does Gas Have To Do With Ethereum
The Ethereum network is powered by gas. Gas is used to pay for transaction fees on the Ethereum network. When you send a transaction on the Ethereum network, you are required to pay a gas fee. The gas fee is used to pay for the resources needed to execute the transaction. The gas fee is […]
Read Time:
15 Min
0
0