We all in this community make transaction mostly everyday, but have we ask ourselves what Miner fees is about?
Or gas fee as we would say.
What is gas fee?.
With my little research ,gas fee are payment made to compensate the computer energy to process and validate transaction on the blockchain.
Source:
https://www.investopedia.com/terms/g/gas-ethereum.asp Which brings us to gwei.
Gwei is a denomination of the cryptocurrency ether (ETH), which is used on the Ethereum network to buy and sell goods and services. Gwei is the most commonly used unit of ether because gwei can specify Ethereum gas prices easily.
https://www.investopedia.com/terms/g/gwei-ethereum.aspHow to calculate gas fees?
The cost of transaction ( "the transaction fee") is Gas limit *Gas price.
Source : .
https://kb.myetherwallet.com/en/transactions/what-is-gas/ When miners fees is high it means the network is really congested .