Cryptocurrency Q&A
What is gas token?
What is gas token?
CryptoKnight
Mon Nov 18 2024
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6 answers
1153
I'm curious about gas tokens. I've heard about them in the context of blockchain and cryptocurrency transactions, but I don't fully understand what they are or how they work. Could someone please explain what gas tokens are?
6 answers
Leonardo
Wed Nov 20 2024
The amount of gas required varies based on the network's current state.
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BitcoinBaroness
Wed Nov 20 2024
Gas serves as a transaction fee on blockchain networks such as Ethereum or Polygon.
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Luigia
Wed Nov 20 2024
This fee is necessary to motivate miners or validators.
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Riccardo
Wed Nov 20 2024
They process and verify transactions to ensure network security and integrity.
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Silvia
Tue Nov 19 2024
For instance, if the network is congested, more gas may be needed to prioritize a transaction.
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