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So many people don't know what's gas fee and purpose of gas fee on the blockchain. 

A Thread 🧵 

In blockchain technology, a gas fee is a payment or a transaction fee required to process and validate transactions on a blockchain network. It's called "gas" because it's the fuel that powers the execution of transactions and smart contracts.

Here's a breakdown:

1. *Gas*: A unit of measurement for the computational effort required to execute transactions and smart contracts.

2. *Gas fee*: The amount of cryptocurrency (e.g., Ether in Ethereum) paid to validators (miners or nodes) for processing transactions and smart contracts.

Gas fees serve several purposes:

1. *Incentivize validators*: Gas fees reward validators for their work in verifying transactions and maintaining the network.

2. *Prevent spam*: Gas fees prevent malicious actors from flooding the network with unnecessary transactions.

3. *Prioritize transactions*: Higher gas fees can prioritize transactions, ensuring faster processing times.

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