FAQ About Gas
What is the purpose of Gas in blockchain?
Gas measures the computational effort needed for transactions and smart contract executions, ensuring network efficiency and security.
How is Gas price determined?
Gas prices fluctuate based on network demand. Users can set their Gas price, but transactions with higher fees are prioritized by miners.
Can Gas fees be refunded?
Unused Gas from a transaction is refunded to the user's wallet, making the system fair and cost-efficient.
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