Gas fees. What are they?
To fully understand gas fees, I think its important to have a little more knowledge about how the blockchain works. Since the blockchain is a bunch of decentralized nodes, those nodes all require some sort of money and incentives to keep working. We call these nodes, miners. People who have nodes set up to do the work and their sole purpose is to get paid by transactions happening on the block chain.
Well whos paying them? Everytime a transaction happens on the blockchain, the person signing off on the transaction actually agrees to pay a certain gas fee. And depending on how many transactions are happening on the blockchain at the given time, the gas fee will vary. It can vary so much that at certain times, a simple action of minting a token can cost up to 1 Etherium just to complete the transaction.
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