Cryptocurrency Q&A
What affects ETH gas fees?
What affects ETH gas fees?
CryptoTamer
Mon Jan 20 2025
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5
answers
1447
I'm wondering what factors influence the gas fees when making transactions on the Ethereum network. Is it related to network congestion, transaction complexity, or something else entirely?
5 answers
Tommaso
Wed Jan 22 2025
Gas fees represent the transaction costs incurred on the Ethereum blockchain.
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Sara
Wed Jan 22 2025
These fees are payable in Ether (ETH) or its fractional unit, gwei.
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Lucia
Wed Jan 22 2025
Validators, who are responsible for maintaining and securing the network, receive these fees as a form of remuneration.
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JamesBrown
Tue Jan 21 2025
The amount of gas fees fluctuates, driven by factors such as supply, demand, and network capacity.
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Ilaria
Tue Jan 21 2025
During times of network congestion, gas fees may increase significantly.
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