transaction fee

Definition

A fee you need to pay whenever you use the Ethereum network. Examples include sending funds from your wallet or a dapp interaction, like swapping tokens or buying a collectable. You can think of this like a service charge. This fee will change based on how busy the network is. This is because validators, the people responsible for processing your transaction, are likely to prioritize transactions with higher fees – so congestion forces the price up.

At a technical level, your transaction fee relates to how much gas your transaction requires.

Reducing transaction fees is a subject of intense interest right now. See layer 2.

Suggested translation

Cast your vote on the terms below to help the community select the best translation for each context.

பரிவர்த்தனை கட்டணம்
Prose
பரிவர்த்தனை கட்டணம்
Heading
Fee
Tag
பரிவர்த்தனை கட்டணம்
UI
oneபரிவர்த்தனை கட்டணம்otherபரிவர்த்தனை கட்டணங்கள்
Plurals

Coming soon: voting and suggestions need an account, which ships in a later phase. Everything shown here is live glossary data.

Previous term Next term

into Tamil

If your term matches an existing suggestion, we’ll upvote that one for you instead of creating a duplicate.