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Gas Fee

Gas fee is the transaction fee paid by users to miners to process their transactions on a blockchain network. In most cases, gas fees are denominated in the native cryptocurrency of the network. For example, gas fees on the Ethereum network are paid in Ether (ETH).

When users initiate a transaction on a blockchain network, they must pay a gas fee to incentivize miners to validate and process the transaction. The gas fee is calculated based on the complexity of the transaction, the current network congestion, and the gas price set by the user.