#GasFeeImpact The gas fee is the gas consumed by users to pay miners for performing specific actions (such as executing contracts or sending tokens) in the verification of blockchain. Each transaction on the blockchain consumes computational resources, and miners must bear these costs. Therefore, in order to reward miners, users must pay a fee, which is called the Gas Fee.

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

Miners charge fees for performing any transaction on the blockchain, executing smart contracts, launching DApps, and paying for data storage. Miners confirm transactions and determine which transactions go to new blocks. Fees are calculated regardless of whether the transaction is successful or not. This is because even if it fails, miners must verify and execute the transaction (verification), which incurs computational costs.

The role of the gas fee

Paying the gas fee can ensure the functioning of the blockchain network, providing incentives for miners to perform calculations and can also be used to prevent malicious transactions. However, this often results in high gas fees when the network is congested, leading to usability issues.

Why does the gas fee fluctuate?

The amount of the Gas Fee is determined by two reasons: the complexity of the behavior, and congestion in the network.