#CryptoFees101

Gas fees are costs associated with executing transactions or smart contracts on blockchains, such as Ethereum. They exist to: Compensate miners/validators: Pay for the work of processing and validating transactions. Prevent spam: Avoid overloading the network with unnecessary transactions. Allocate resources: Ensure that the network operates efficiently by prioritizing transactions with higher fees. A recent post on X, dated June 3, 2025, from the account @Klever_BR, explains that these fees can, in some cases, exceed the value of the transaction itself, which is common in congested networks. The post emphasizes the importance of understanding these fees for those operating with cryptocurrencies.