What's the most important lesson you've learned in #CRYPTO t | Givens Chinny on Binance Square

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What's the most important lesson you've learned in #CRYPTO that you wish you knew when you started? 🤔
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📝CRYPTO CLASS What Is An Ethereum Gas Fee? On the Ethereum blockchain, every action like sending ETH or interacting with a smart contract requires computational work by the network. To perform this work, you need to pay a fee. This is called a gas fee. Think of gas as the fuel needed to power any transaction or smart contract on Ethereum. The gas fee is how much ETH (Ethereum's currency) you pay to the network to execute that action. 🔧 Real-Life Analogy: A Car on a Toll Road Imagine you’re driving a car on a toll road: The car = your transaction. The road = the Ethereum network. Gas = the fuel needed for your car to travel. Toll = the fee you pay to use the road (like paying miners to process your transaction). The longer or more complex the journey (e.g. more smart contract steps), the more fuel (gas) your car needs. Also, during rush hour, the tolls may increase this is like Ethereum gas prices rising when the network is busy. 🧮 Let's Break Down the Gas Fee Ethereum gas fees are calculated like this: Gas Fee = Gas Units × Gas Price Gas Units: Amount of computational work required (fixed for most tasks). Gas Price: How much you're willing to pay per unit of gas (can change depending on network congestion). $ETH

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Still keep an Eye on XRP for long term holding. $XRP

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Which #MEMECOIN will always have a special place in your heart? 💖 🤔😇

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GM! GM! Still keep an Eye on XRP for long term holding.

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Elon Musk’s Dogecoin Hype Will Return Soon: Crypto Expert🐶 With Elon Musk distancing himself from the White House, some crypto analysts, including Santiment founder Maksim Balashhevich, suggest a classic Dogecoin pump may be imminent. They believe Musk now has more time to resume his trademark Dogecoin promotions, potentially boosting the meme coin's value. $DOGE #MarketRebound

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