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 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. […]
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