Zecrey
  • Introduction
  • Zecrey Onepager
  • Announcements
    • Zecrey Public Testnet Announcement
    • Zecrey Testnet Beta Internal Test Announcement
    • Zecrey Ambassador Program Annoucement
  • Go & JS SDK Basic Guides
    • 1. Install and Initialize
    • 2. Get Data
    • 3. SDK Signature
    • 4. Register Users
    • 5. Mint Assets
    • 6. Creating Orders
    • 7. Match Orders
    • 8. Asset Deposits
    • 9. Asset Transfers
    • 10. Asset Withdrawals
    • 11. Full Exit
    • 12. Demo of SDK Calling
  • Education
    • Zecrey Video Guide
    • Concepts Explained
      • Crypto Knowledge
        • Layer 1 (L1)
        • Layer 2 (L2)
        • ZK-Rollup
        • Gas Fee
        • NFT
      • Zecrey Basics
        • Multi-chain asset management
        • Zecrey L1 wallet
        • Zecrey Legend L2 wallet
        • Zecrey Zero L2 wallet
        • Deposit
        • Withdraw
        • Zecrey DEX
      • The State of Transactions
    • Get Started
      • How to import an account?
      • How to create a new account?
      • How to receive and send assets with QR code?
      • How to export the private key?
      • How to export the recovery phrase?
      • How to use Zecrey NFT Marketplace?
      • How to adjust the gas fee?
      • How to check my transaction record?
      • How to manage my contacts?
      • How to set the language?
      • How to give feedback?
    • FAQs
  • Product Handbook
    • Zecrey Products Introduction
    • Set up your Zecrey Wallet
      • Download and Install Zecrey
      • Create a New Wallet
      • Import an Existing Wallet with Mnemonic
      • Claim Test Tokens for Testnet
      • Testing Requirements
      • Rewards for Phase II Testnet
    • Zecrey L1 Wallet
      • Multi-chain Assets Management
      • L1 Transfer
      • Deposit
      • L1 NFT Management
        • View NFT Assets
        • L1 NFT Transfer
        • NFT Deposit
    • Zecrey Legend L2
      • L2 Account Registration
      • L2 Transfer
      • Withdraw
    • Zecrey NFT Marketplace
      • Explore NFT Marketplace
      • Connect Zecrey Extension to NFT Marketplace
      • Create NFT Collection
      • Mint NFT
      • Buy NFT
      • Sell NFT
      • Transfer NFT
      • Withdraw NFT
      • View NFT Assets
      • Manage NFT Transactions
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  1. Education
  2. Concepts Explained
  3. Crypto Knowledge

Gas Fee

Gas refers to the amount of computational work required to perform a specific operation on the Ethereum network. Since each Ethereum transaction requires computational resources to execute, each transaction requires a fee. By requiring a fee for every computation executed on the blockchain, bad actors can be prevented from spamming the network. The fundamental unit of computation is "gas". Gas limit refers to the maximum amount of gas you are willing to consume on a transaction. More complicated transactions involving smart contracts require more computational work, so they require a higher gas limit than a simple payment. Although a transaction includes a limit, any gas not used in a transaction is returned to the user (i.e. max fee - (base fee + tip) is returned). On Zecrey L1 and Legend wallet(the NFT-oriented L2 solution of BNB chain), the native token of the blockchain will be used as the gas token. On Zero wallet, users can choose any supported token as gas fee in the transaction.

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Last updated 2 years ago

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