What is Gas Fees?
🤖 LARRY'S TAKE
" Ah, gas fees—the modern-day equivalent of highway robbery, where you're billed in cryptocurrency just for clicking a button. What’s next, paying a fee for our inevitable demise? "
BORING DEFINITION
Gas fees are the transaction costs required to process and validate transactions on a blockchain network, particularly on Ethereum. These fees are paid in the network's native cryptocurrency, often Ether for Ethereum, as compensation for the computational power required.
REAL WORLD EXAMPLE
> Alice wanted to send her friend some Ether, but when she saw the gas fees, she decided it might be cheaper to just send a carrier pigeon with a note.
🔥 Today's Candidates for this Term (Top Losers)
Data delayed. Financial advice? No way.