Gas fees are quite confusing, and I’m not talking about petrol prices. In today’s video, I answer the question, What are Gas Fees? I explain how gas fees work on the Ethereum network and how you can ensure you reduce these.
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What is the highest amount of gas you have paid for a transaction?
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📖 Chapters
0:00 Intro
0:26 Rooshocks NFT Project
0:59 What are Gas Fees
1:50 Gas Limits
2:45 Base Fee
3:20 Priority Fee
3:56 Failed Transactions
4:29 Other Considerations
5:27 Summary
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Ethan 'Rooshock' (Rucioch) is an Australian business owner in his mid 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling as well as watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even some social media marketing content.
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Disclaimer
The information in this video and on this YouTube channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#gasfees #ethereumgas #gasfeesexplained

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