For every transaction you make on the block chain there is certain amount you will pay for the transaction, this is call gas fee. Its similar to bank charge, its a certain amount you pay to the block chain to confirm your transaction.
Over the years different block chain technology ranging form Solana, Ethereum, Bitcoin, Polygon and many more as introduce the gas fee system only few (Hive, Steem) operate without gas fee. Ethereum gas is the highest in Crypto space. For each transaction people pay high gas fee. This gas fee is for the benefit of Ethereum block chain.
I keep asking why high gas fee? if crypto is for the common man. We have seen over the years crypto transaction on hive\steem block chain as been absolutely free.
Since my inception in crypto i have only been using hive and steem block chain, I never know anything exist like gas fee. When i trade on binance i believe the charges was for binance alone. Until few days ago when i got free Base NFT , before i know about Ethereum crazy gas fee, base is a block chain that depends on Ethereum to function. You need Ethereum to perform transaction on base block chain. I ended up not selling my NFT even at a point that i need money right now.
I have check out other block chain gas fee, but hive and steem Is still the best because it allow users to make transaction without any gas fee, it gives power to the user to earn and trade their token for free. If crypto is built for the common man, gas fee should be very low or free. This will allow more people to come into the space. Binance block chain and Solana block chain as been fighting hard to address the issues of high gas fee but Ethereum as dominate every were.
Am not sure the problem of high gas fee in crypto can be fix very soon because many project is built on Ethereum block chain, which as high gas fee. I wish hive can develope it block chain usage, its a good network which everybody need benefit from. More project need to be build on hive block chain. We are in the session of air drop, but am yet to see project doing airdrop that is built on hive block chain, we need more people to use the block chain. High number of hive block chain usage will increase the price of hive.
