Definition
A gas fee is the amount of cryptocurrency paid to record a transaction or run an operation on a blockchain network. It measures the cost of using network resources, such as computing power and storage, and is usually paid in the blockchain’s native token. Gas fees help regulate demand for block space and reward the participants who process and secure transactions.
In Simple Terms
A gas fee is the payment made to get a transaction accepted on a blockchain. It is like a small charge added to every action, such as sending coins or using a smart contract. This charge goes to the participants who keep the network running and helps prevent the system from being overloaded.
Context and Usage
Gas fees are commonly discussed when evaluating how expensive or affordable it is to use a blockchain. They appear in wallet interfaces, block explorers, and decentralized applications as part of every transaction summary. People often compare gas fees across networks when choosing where to transact, and they track changes in gas fees to understand how busy or congested a blockchain is at a given time.