When using the Ethereum blockchain to complete transactions, you’re required to pay for “gas.” On the Ethereum network, gas represents the computational effort used to complete the transaction.

Using the network for apps or transactions, even if it’s converting another coin to ether, means you need to pay for gas. Depending on the transaction and traffic on the blockchain, gas fees can feel quite high in some cases.

Q: What is the name for Ethereum fees?

A: Gas

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Original link:https://www.investopedia.com/terms/g/gwei-ethereum.asp#:~:text=Gas%20is%20the%20term%20used,transactions%20on%20the%20Ethereum%20blockchain.


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