How Do Transaction Fees Relate to the Concept of 'Gas' in Ethereum? ▴ Learn

How Do Transaction Fees Relate to the Concept of ‘Gas’ in Ethereum?

Both transaction fees in Bitcoin and Gas in Ethereum serve the same fundamental purpose: to compensate network validators (miners/stakers) for processing a transaction and securing the network. However, Gas is a unit of computational effort required to execute a transaction or smart contract on Ethereum.

The total fee is the Gas Limit multiplied by the Gas Price, whereas Bitcoin fees are simply an explicit amount of Bitcoin.

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