#GasFeeImpact Gas Fee is the gas consumed by users to pay miners to perform specific actions (such as executing contracts or sending tokens) in blockchain verification. Every transaction on the blockchain consumes computing resources, and miners must bear these costs. Therefore, in order to reward miners, users need to pay a fee, which is the so-called Gas Fee.

Gas Fee usually consumes different tokens depending on the blockchain network used. For example, Ethereum consumes ETH, BNB chain consumes BNB... and so on.

Fees are charged by miners for conducting any transactions on the blockchain, executing smart contracts, launching DApps and paying for data storage. Miners confirm transactions and determine which transactions go into new blocks. Fees are calculated regardless of whether the transaction is successful or unsuccessful. This is because even if it fails, miners must verify and execute the transaction (verification), which will incur computational costs.