What is Ethereum gas fee? Ethereum gas fee is something every user must pay in order to perform any function in the Eth block chain. Why you gotta pay it? simply because there's no such thing as a "free lunch" as they say and of course there is no such thing as a free transaction. Even ATM withdrawals got fees.
People hate gas fees not only for a general disdain toward fees, but because they can be absurdly expensive when the network is congested.
How is gas fee calculated? Here's how:
Ethereum employs a metric system of denominated units called “wei,” where 1 ETH is equal to 1 quintillion wei. (A quintillion is a number with 18 zeros after it.) One of the most common wei denominations, and the one used to represent gas fees, is gigawei (gwei), or 1 billion wei. Therefore, when you check on a gas tracker and see that the average gas for a transaction is 100 gwei, that means you should expect to pay a base fee of 0.0000001 ETH for a given transaction ($0.00031 at press time)/
- Coindesk
It really is frustrating to have to pay for gas fees that are incredibly high, I also get frustrated most of the times. But what can we do? it will always be part of crypto transactions (I just think of it as tax T_T)
