What is a gas fee on the Ethereum network?
a) A fee paid to miners for executing transactions and smart contracts
b) A penalty for holding Ethereum
c) A cost for transferring Ethereum to a cold wallet
d) A fee for purchasing Ethereum
Answer:
a) A fee paid to miners for executing transactions and smart contracts
Explanation:
A gas fee is the amount of Ethereum required to pay miners for processing transactions and executing smart contracts on the Ethereum network.