What are Really Gas Fees ? ( Explained in 2 minutes )

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What are Really Gas Fees ? ( Explained in 2 minutes )

Gas fees are the charges you pay to complete transactions on a blockchain. Think of them as tolls that keep the network running efficiently. These fees are paid using the blockchain’s own currency, such as ETH on Ethereum or BNB on Binance Smart Chain. They help maintain security and compensate those who verify transactions. To reduce costs, you can use more affordable blockchains, tweak transaction settings, or explore Layer 2 solutions.

Here's the full article explaining everything you need to know about Gas fees: https://medium.com/@hirunw/introduction-to-gas-fees-in-blockchain-in-just-5-minutes-39e20d9b23dd

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