Re:I made $50K in three days with NFTs
by kzrdude on Saturday September 18, 2021 @08:19AM
(#28575632)
Why is it called "gas" fees?
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Re:I made $50K in three days with NFTs
by codetrotter on Saturday September 18, 2021 @08:23AM
(#28575658)
> Gas is essential to the Ethereum network. It is the fuel that allows it to operate, in the same way that a car needs gasoline to run.
Re:I made $50K in three days with NFTs
by hk-im-ad on Saturday September 18, 2021 @08:23AM
(#28575661)
Smart contracts get compiled into byte code that get run on the blockchain. Each instruction costs a certain amount of money. This fee is called a “gas” fee, because you need to put in enough money to execute your entire contract, which varies by how complex it is, similar to how you need enough gas in your car to drive a certain distance.
Re:I made $50K in three days with NFTs
by TheSpiceIsLife on Saturday September 18, 2021 @08:34AM
(#28575729)
The sibling comments appear to be accurate, but I think it’s more helpful to think of gas in this context as the fuel that powers gaslights.
The deceptive kind, follow?