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Understanding Gas Fees and Optimizing Transaction Costs

Gas fees are the transaction fees paid to validators or miners to process actions on a blockchain network. They serve as incentive for operators and protect against spam attacks.

Tips to Save on Gas Fees:

  • Transact during off-peak historical hours (e.g., weekends).
  • Utilize Layer-2 scaling networks for microtransactions.
  • Set custom max base gas limits in your Web3 wallet settings.