Understanding the cost of natural gas in Ethereum is easy for beginners

Why do you have to pay for gas?

Each time the Ethereum is used, whether to send ETH , exchange a token or mint NFT , it requires network processing resources. The reward for this resource is called "gas", which counts as a subunit of ETH named gwei (1 gwei equals one billionth of ETH )

If you compare it to a simple language gas is like the price of oil before leaving the car The more complicated the job, the more gas will cost.

How is the fee structure divided into 2 parts?

Since the London upgrade in 2021, Ethereum 's charging model (according to EIP-1559 standards) divides gas prices into two parts:

• Basic fee: The base rate at which the network adjusts automatically according to usage density and is "burned" or taken out of circulation permanently, a mechanism that helps reduce inflationary pressures ETH
• The tip .: Tip that pays extra for validator business processor (选择不强迫) โดยทั่วไป used to make the business is completed into a blog faster

Why is some part of the gas so expensive?

The price of gas goes up and down according to the network's demand when several people are doing business at once, such as during periods where people want the same thing or during periods in which activity is high. Splitting a limited block space will push the fee up instantly; while during periods when the network remains silent, the fee drops

How did the new phone reduce gas costs?

There's actually 3 ways to use it. I mean, look at this guy. He's...

1. Check network availability before sending business every time Gas price tracking websites are available free of charge
2. It's the peak hour. If your business is not in a hurry to wait for free network time can actually save
3. Use the network layer 2 Which includes a number of businesses joined together and sent back to settle on Ethereum making the fees significantly lower than mainnet Suitable for sub-jobs that don't need to be processed directly on the main line

Summary and summaries

Gas prices are not fraudulent or hidden fees, but a mechanism that enables Ethereum to conserve shared processing resources, prevent spam and maintain the usability of its network. Understanding this mechanism makes spending on Ethereum much easier instantly