New Contest | The Tech Quiz - Season 20
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Hello how are you Everyone .. i am fine Alhumdulillah by the grace of Allah ... Today am participant of Contest topic about "The tech quiz " this is organized by Honurable @malikusman1 .. |
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The contest about this post observe you all in high spirrits and good heallth. Its an honour to be a part of this value contest now in its 20th season..
The detailed by quick technologicall advansement its truly remarkablle how far we have come. From the origenation of the hoop to the goggle of modern technollogy like mobile phones and computers each millestone has thrust humanity forward into unknown teritoriess.
Today as we search into the provinse of blockchain technology we are aproach with a excesed of questions each more interest than the last. So without further trouble lets start on this Contest..
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Gas fee in the condetion of blockchain technology reffers to the fee paid by users to achieve transections or smart agreement on the network. It give out as an reason for miners to include transactions in blocks and proces them. Gas fees are critically as they be sure the smooth functionning and security of the blockchain network by check spam and poisonouss activities. Esentially they help mainntain the honour and efficiensy of decentralised systems.
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Typicaly blockchain networks like Bitcoin and paradise offten have higher transaction fees compared to the others. This is mainlly due to their popullarity and the presure for block space. As these networks on become more overfuly users are preparing to pay on higher fees to range their procedings.
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The certain on blockchain networks such as Binance Smart Chain (BSC) and Solana are known for their basing on under transaction fees. These networks emplloy different agrement mechanisms and flexibillity solutions that allow for faster transaction procesing at a under cost. As a result users move on towards these networks for cost efective transections without compromissing on speed or securitys.
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
Thanks for participating in the contest and I wish you all the very best for this contest.
thank you dear...
I have learnt a lot from your write-up, gas fee is a nice introduction to block chain transactions, I have learnt that btc has a higher transaction fee and bsc and solana has less. Best of luck @nooruleman