Cryptocurrency Q&A Where do gas fees go?

Where do gas fees go?

CryptoNinja CryptoNinja Mon Oct 28 2024 | 6 answers 1618
I'm curious about the destination of gas fees. When I make a transaction on the blockchain, I have to pay a gas fee. But where does this fee actually go? Is it to miners, the network, or somewhere else? Where do gas fees go?

6 answers

Leonardo Leonardo Wed Oct 30 2024
The recipients of gas fees are those who contribute to the support and security of the Ethereum network.

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BitcoinBaroness BitcoinBaroness Wed Oct 30 2024
On Ethereum's execution layer, which was previously known as Ethereum 1.0, gas fees serve as a reward for a specific group of individuals.

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EchoSoulQuantum EchoSoulQuantum Wed Oct 30 2024
These fees are paid out to Proof-of-Work (PoW) miners, who play a crucial role in maintaining the Ethereum protocol.

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Carlo Carlo Wed Oct 30 2024
PoW miners validate transactions and add them to the blockchain, ensuring the integrity and security of the network.

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CryptoAlly CryptoAlly Tue Oct 29 2024
By receiving gas fees, PoW miners are incentivized to continue their work and contribute to the growth and stability of Ethereum.

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