#GasFeeImpact
The impact of gas fees on cryptocurrency transactions can be significant. Gas fees are the costs associated with processing transactions on a blockchain network. Here are some of the main impacts of gas fees:
- Transaction costs: High gas fees can increase transaction costs, making them less attractive to users.
- Network congestion: Low gas fees can lead to network congestion as more users want to transact.
- Transaction speed: High gas fees can prioritize transactions, making them processed faster