What is the gas fee on Bitcoin?

By paying gas fees, users essentially compensate validators for their efforts in validating transactions and maintaining the network's consensus. This mechanism ensures that validators are incentivized to perform their duties diligently, thus promoting the overall health of the Ethereum ecosystem.

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Furthermore, gas fees serve as a deterrent against network spamming. By imposing a cost on each transaction, the Ethereum network can effectively limit the number of unnecessary or malicious transactions, helping to preserve its stability and efficiency.

Gas fees play a pivotal role in the Ethereum network, serving as a vital incentive for validators. These fees encourage validators to actively participate in the validation process, utilizing their Ether to support the network's operations.

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