Gas Fees Explained
What are Ethereum gas fees?
A gas fee is something all users must pay in order to perform any function on the Ethereum blockchain.
Gas is the term for the amount of ether (ETH) – the native cryptocurrency of Ethereum – required by the network for a user to interact with the network. These fees are used to compensate Ethereum miners for the energy required to verify a transaction and for providing a layer of security to the Ethereum network by making it too expensive for malicious users to spam the network.
As Blockchain Home Registry is built on top of Ethereum, a gas fee is required when each NFT is minted.
How much are gas fees to mint a Blockchain Home Registry NFT?
We have worked very hard to optimize our smart contract to minimize gas fees. This results in much lower gas fees of $10-25 than almost all other NFT's, which are often several times the gas fees of a BHR NFT.
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