How do you calculate the gas fee?

Gas fees have different names on different trading platforms, such as Gas Fees, Transaction Fees, etc., but they all refer to transaction fees (ETH) and are calculated as the unit price of Gas (Gas Price) x the amount of Gas consumed (Gas Used). For example: In the transaction, 0.01 ETH needs to be transferred from account A to account B.

What are the benefits of paying a gas fee?

The higher the efficiency of contract execution, the lower the gas fee. The high gas fee can also prevent users from performing complex technical tasks which could overload the network and paralyze it. Prevent malicious attacks: The existence of Gas fees can prevent high-frequency network attacks (DDOS) to a certain extent.

What is the difference between gas fee and other fees?

Gas fees are a pricing value required to execute a transaction on the Ethereum blockchain. Other blockchains also have fees that users pay for transactions to be completed. Gas fees are a tiny fraction of the payment you are trying to complete.