Cryptocurrency Q&A
What affects the ETH gas fee?
What affects the ETH gas fee?
CryptoQueen
Thu Jan 16 2025
|
5 answers
1131
I'm wondering what factors influence the ETH gas fee. I want to understand the background of how these fees are determined and what causes them to change.
5 answers
lucas_taylor_teacher
Sat Jan 18 2025
Owners of ETH can stake their coins to receive small payments as a reward.
Was this helpful?
225
59
IncheonBlues
Sat Jan 18 2025
This reward is given for helping to secure the blockchain and ensure its proper functioning.
Was this helpful?
113
39
BonsaiStrength
Sat Jan 18 2025
The fees for staking are determined by several factors, including the amount of network traffic.
Was this helpful?
314
96
Chiara
Sat Jan 18 2025
The supply of validators also plays a role in determining these fees.
Was this helpful?
354
83
Alessandra
Fri Jan 17 2025
Additionally, the demand for transaction verification impacts the fees.
Was this helpful?
125
54
