Gas Fees

Something that you will start to see as you begin to research cryptocurrency and explore different forums on the internet, watch different investors online, etc. will be “Gas Fees”. This term gets thrown around a lot as if everyone knows what it means immediately; which is impossible for a new investor in crypto.

Gas fees are specifically part of the Ethereum network and are a fee that is associated with the work that is required (computational power) to validate a transaction. This is paid to the computer/computer pool who is working hard on the network to validate the work done on the Ethereum network.