Cryptocurrency Q&A
What is the gas fee in Ethereum smart contract?
What is the gas fee in Ethereum smart contract?
Tommaso
Tue Feb 04 2025
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6
answers
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I'm curious about the cost associated with executing smart contracts on the Ethereum network. Specifically, I want to know what the gas fee is when deploying or interacting with a smart contract on the Ethereum blockchain.
6 answers
EmilyJohnson
Thu Feb 06 2025
Gas serves as the essential fee for carrying out transactions or executing contracts on the Ethereum blockchain platform.
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Davide
Thu Feb 06 2025
This fee is denominated in extremely small fractions of the cryptocurrency ether, known as ETH.
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KpopHarmony
Thu Feb 06 2025
Specifically, these fractions are called gwei, which represents 10-9 ETH.
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DongdaemunTrendsetterStyleIcon
Wed Feb 05 2025
The concept of gas ensures that users compensate validators for the computational resources required to process and verify transactions.
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GeishaMelodious
Wed Feb 05 2025
Validators are incentivized to participate in this process due to the gas fees they receive.
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