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The cost of performing a transaction on the ethereum blockchain is referred to as gas. Therefore, the users pay gas fees to compensate for the computer power needed to process and validate transactions on the ethereum blockchain.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.
The cost of performing a transaction on the ethereum blockchain is referred to as gas. Therefore, the users pay gas fees to compensate for the computer power needed to process and validate transactions on the ethereum blockchain.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.