$LTC 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 Fees_: High gas fees can increase the cost of transactions, making them less attractive to users.
- _Network Congestion_: Low gas fees can cause network congestion as more users are attracted to making transactions.
- _Transaction Speed_: Higher gas fees can prioritize transactions, making them process faster.
- _User Experience_: Excessive gas fees can negatively impact the user experience, driving users away from the network.