Entering the Monolith: Ethereum’s gas fees explained
Monolith is built on top of Ethereum. It acts as a portal to a new token economy that could change our society’s understanding of value forever. But while Ethereum might be the most disruptive technological innovation the world has seen since the Internet, using it in its early stages takes some getting used to. One of the most important things to understand about Ethereum is how transaction fees work. Ethereum processes transactions using smart contracts, and every transaction requires a fee called gas. In this guide, we’ll detail how gas works, and everything you need to know about paying transaction fees with Monolith.