1/5 Gas and Fees on Swisstronik 💸

On #Swisstronik, users pay fees to submit transactions. With a hybrid model combining Ethereum’s fee system (EIP-1559) & Cosmos SDK, it ensures efficient transaction prioritization! 🚀

Learn about: 🔢 Gas calculation 💰 Providing fees 📈 Fee market for transaction priority

💡2/5 Basics: Why Do Transactions Need Fees? 💸

Without fees, malicious actors could flood the network with fake transactions, causing it to crash. 🚫

The solution? Gas! ⛽️ It’s a resource consumed during transaction execution, charging for validator resources and keeping the network secure! 🔐

4/5 💡 How Does Gas Relate to Fees? ⛽️💸

Gas measures the computational work for a transaction, while fees are the tokens you actually spend to execute it. 💰

Think of it like electricity:

Gas = kWh used
Gas Price = rate (like $/kWh)
Fees = your bill 💡
Just like energy, gas prices can fluctuate based on network traffic! ⚡️📉

5/5 💡 How are Fees Handled on Cosmos? ⛽️💰

On #Cosmos, gas fees are simple! As a user, you provide:

1️⃣ GasLimit (GasWanted) - an upper bound on gas usage. 2️⃣ Fees or GasPrice - to specify or calculate the transaction cost.

The node uses the full fees provided to execute the transaction. If GasLimit is too low, the transaction fails & rolls back—no refund! 🔄

3/5 💡 What is Gas? ⛽️

Gas is a unit that measures the computational intensity of a transaction—essentially, how much work is needed to process and execute it. 🧠

For example, complex, multi-step transactions (like delegating to several validators in #Cosmos) require more gas than simple ones (like sending tokens to another address). ⚙️

When we talk about "gas" in a transaction, we're referring to the total amount of gas required. For example, a transaction might need 300,000 units of gas to execute! 🔢

Think of gas like electricity (kWh) in a house or fuel for a car—getting things done comes at a cost! ⚡️🚗