
Study Hall - Everything You Need to Know About Crypto & The Metaverse
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What Is a Gas Fee?
The gas is used to allicate resources of the etherium virtual machine, so that centralized applications such as smart contracts can self execute and secur but desentialized. The exact price of the gas is determined by supply and demand between the networks,. miners, who can decline to process of transaction if the gas price does not meet their threshold. It is basically attax to have your transaction process first.
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