How does base gas affect the transaction fees in cryptocurrency exchanges?

1 answers

• Mohammed Affan R ShaikhsurabOct 26, 2023 · 2 years ago
  Base gas is an important factor in determining the transaction fees in cryptocurrency exchanges. It represents the minimum amount of gas required for a transaction to be included in a block. Gas is a unit that measures the computational effort needed to execute a transaction. By setting a base gas limit, exchanges establish a threshold for the minimum gas fee required for a transaction to be processed. This means that transactions with lower gas fees may be delayed or even rejected. So, if you want your transaction to be processed quickly, it's important to consider the base gas and set an appropriate gas fee.
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