When you send a transaction on the Ethereum blockchain, you are required to pay a small fee in order for that transaction to be processed. This fee, known as gas, is paid to the miners who process transactions on the blockchain. The amount of gas you need to pay for a transaction depends on the […]
Where Do Ethereum Fees Go
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 […]
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