Key Features of Gas
Gas offers several key features that make it a vital component of the blockchain ecosystem:
- Transaction Fees: Gas is used to pay for transaction fees, ensuring that the network remains secure and efficient.
- Smart Contract Execution: It powers the execution of smart contracts, enabling decentralized applications to function correctly.
- Network Security: By requiring fees for transactions, Gas helps prevent spam and ensures that the network is not overloaded with frivolous operations.
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