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What does the term ‘gas fee’ refer to in Ethereum?

Lim How Wei
September 3, 2024

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It provides beginners with easy-to-use content and advanced interfaces for activities.

Users can take part in Web 3.0 projects and get rewarded for their experiences.

Sign up using this link: marina-protocol.com/link/referral?code=FOLLOWCHAIN or use “followchain” as the invitation code.

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In this guide, you’ll learn the answer to “What does the term ‘gas fee’ refer to in Ethereum?” in Marina Protocol.

What does the term ‘gas fee’ refer to in Ethereum?

Question: What does the term ‘gas fee’ refer to in Ethereum?

Answer: The cost of computational resources required to execute a transaction or contract.

Further reading

Which programming language is commonly used for writing Ethereum smart contracts?

What is the purpose of a Web3 wallet?

Which Web3 application allows users to borrow and lend cryptocurrencies?

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Lim How Wei

Lim How Wei is the founder of followchain.org, with 9+ years of experience in Social Media Marketing and 5+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others (source: link profile). One of his articles about the gig economy was quoted by Joe Rogan, who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim uploads personal finance videos on his YouTube channel, Lim Finance, to guide others on their financial journey. He also creates gaming guides, walkthroughs, solutions, and tips for the games he plays, helping players with their progression.