# Gas Fee Content type: Glossary Term Summary: A fee paid to process a transaction or execute a smart contract on a blockchain. Gas fees compensate the network's validators/miners for the computational work of processing transactions. Fees vary with network demand and transaction complexity. Related resources: - Smart Contract (Glossary Term): https://theblockchainlibrary.com/glossary/smart-contract
beginner

Gas Fee

A fee paid to process a transaction or execute a smart contract on a blockchain. Gas fees compensate the network's validators/miners for the computational work of processing transactions. Fees vary with network demand and transaction complexity.

Examples

  • Sending a simple ETH transfer costs less gas than executing a complex DeFi transaction.
  • Gas fees spike during periods of high network congestion.

Knowledge Explorer

Explore This Concept in the Knowledge Graph

See how Gas Fee connects to other concepts, books, research, and developer resources.

Explore Connections