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What is the purpose of a “gas fee” in the context of Ethereum transactions?

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In this guide, you’ll learn the answer to “What is the purpose of a “gas fee” in the context of Ethereum transactions?” in Marina Protocol.

What is the purpose of a “gas fee” in the context of Ethereum transactions?

Question: What is the purpose of a “gas fee” in the context of Ethereum transactions?

Answer: To cover the cost of computational resources required to process the transaction.

Further reading

\Which term describes the process of converting a cryptocurrency back into fiat currency or another cryptocurrency?

What is the purpose of a “flash loan” in the context of decentralized finance (DeFi)?

In the context of blockchain, what does “DAO attack” refer to?

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