Base

What is Gas and What is the avg gas fee on /base?

Ok. Basics 101 here.

Gas is a measure of your transaction cost that you are willing to pay for a specific action on the blockchain.

Technically, Ethereum explains it in a different way, 
“Gas refers to the unit that measures the amount of computational effort required to execute specific operations on the Ethereum network.”

But as a layman, consider it as a fees that you spend to get your transaction done.

You can change the fees that you want to pay in your wallet settings. Usually the gas fees are pre-suggested by the wallet and/or the website.

Now, what costs are involved in a Layer 2 like base fees?

Every Base transaction consists of two costs: an L2 (execution) fee and an L1 (security) fee. The L2 fee is the cost to execute your transaction on the L2, and the L1 fee is the estimated cost to publish the transaction on the L1. Typically the L1 security fee is higher than the L2 execution fee.

(1/2)

Marketing Lead at HPChain. 

Decentralising access to GPUs.

Prev - Supra 

What is the avg gas fee on base?

Base is one of the cheapest Layer 2s with an avg gas fees of $0.0292 in the last 7 days.

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good explanation ser
learnt something new about L2s having 2 fees for users!