What is Gas Fees? 🧐 | Crypto Transaction fees explained in Simple Words | Mohit Mamoria

Описание: How to reduce ethereum gas fees?
Why is gas fees so high?
What is gas fees?
What is crypto transaction fees?
Explain gas fees in simple terms.

Hello everyone!
My name is Mohit Mamoria 👋
Explaining complex topics in simple words is something I love doing!

The questions listed above, are the crypto-related questions and crypto doubts that flood my DMs!

These days, Blockchain, Web3, Cryptocurrency, NFTs have become the new buzz words.
But when we actually go out and make any transaction in crypto - be it for buying and selling NFTs, paying in cryptocurrency, using DeFi, the high gas fees gets on our nerves!

So the million dollar question is - how to reduce gas fees?

To answer this, we first need to understand the history of gas fees, what does gas fee mean?

So here it is, a video explaining everything about gas fees, in simple words.

In these 15 minutes, I will explain the concept of gas fees, also known as crypto transaction fees in in such a way, that any person, who is not even from the tech background can easily understand it.

Let’s learn about crypto in simple language🔥

00:00 Welcome
00:18 Thoughts Transmission Device
00:53 How does blockchain work?
02:38 The problem
05:28 Origins of Gas
09:08 Why gas is so expensive?
12:57 How to lower the Gas fees?
14:10 Summary
14:48 An important task
15:30 Bloopers

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Welcome to my Channel!

I have made this Youtube Channel to share my decades of experience in Building startups, making products, experimenting in the crypto space, investing in bitcoin and other cryptocurrencies.

I built one of the firsts Crypto funds in the world!
I have built my own business - faced both failures and success, but always learned strong business lessons!

I have consulted over hundreds of startups and shared these lessons with them but the internet has given me a chance to not let my thoughts & insights confined to a selected set of audiences.

So here it is my friends!
This is our space and community to learn & discuss startups, blockchain, Web3, cryptocurrency, businesses, products, investing, and understand hot & trending topics like bitcoins, NFTs in simple language.

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#gasfees #ethereumgasfees #cryptocurrency

You can reach out to me on Twitter -
  / mohitmamoria  

Previously I have shared my thoughts on Medium -
  / mohitmamoria  

My most famous article - “WTF is Blockchain”, which has been read by over 5M+ people, can be read here -
https://hackernoon.com/wtf-is-the-blo...

You can listen to my latest podcast with Rohan Joshi sponsored by CoinSwitch Kuber here -    • A Show About Crypto Ep. 22: Is Blockchain ...