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What Is GAS? Ethereum HIGH Transaction Fees ExplainedGas in Ethereum refers to the additional fee required to execute a smart contract or transaction on the blockchain network. Why does this exist? A gas fee is the amount of Ether (ETH) required for an Ethereum blockchain network user to conduct a transaction on the network. Gas fees are used to. Public blockchains are open networks that anyone with an internet connection can access. In order to control activity on them, a fee is charged using cryptocurrency for operations on the blockchain.
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