New Contest | The Tech Quiz - Season 20

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It feels good today as I welcome 🤗 you all to my blog today how are you all doing I hope all is well, now without wasting much time let us proceed to the real deal which is the tech quiz contest organize by @malikusman1

A gas fee on the blockchain network is a certain token of funds that is being paid in other to carry out and initiate a cryptocurrency transactions on the blockchain network, it is just like a local bank charge when a transaction is being initiated.

Some of the importance of a gas fee on the blockchain network are;

• A gas fee miners in the mining ⛏️ process and serves as a reward for them providing the computing power for such transaction to be initiated.

• A gas fee is also seen as a conducting value which is being required to carry out a transaction on the blockchain.

Jus like it is applicable in our own local banks they are some banks that charges less than other banks in terms of transaction fees and at the same time there are some banks that charges higher mostly new banks

And the same is applicable on the blockchain but how I view it is that high value tokens are the ones that have high transaction fees, and according to my experience the Bitcoin network has the highest transaction fee in the crypto market.

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As compared to other blockchains trust me I have researched and I have tested and confirmed and the only blockchain that has the lowest transaction fee is the binance smart chain ⛓️ BEP20 ⛓️ network

This network charges less transaction fees as compared to other different blockchains that are available on the crypto network, and throughout my crypto journey I have been using this network anytime I wish to carry out a transaction.

^{This will be all for my entry and I sincerely hope that we all got to learn something today thanks and remain bless}

^{I will like to invite
@mujtabarabbani
@shabbir86
@radleking}