What are gas fees?

Last updated on May 5, 2022

Gas fees are the transaction fees that users pay to miners on a blockchain to have their transactions included in the block. Currently, Ethereum has a relatively low number of transactions that can be included in every block, so when there's more demand for transactions, miners decide to include the transactions that pay more in gas. This incentivizes users to pay more to have their transactions processed faster. Users can also decide to pay more upfront to ensure their transactions are included and added to the blockchain more quickly. You can go to websites such as Etherscan to check current gas levels, as well as how long it would take for your transaction to be mined with given gas fees.

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