Gas Fee
Quick Answer
A gas fee is the cost paid to validators for processing a blockchain transaction. SpacePay covers gas fees for customers, removing the need to hold native tokens.
Full Definition
A gas fee is the cost paid to validators for processing a transaction on a blockchain network. Gas fees are the product of gas used multiplied by the gas price. On Ethereum mainnet, a simple token transfer costs approximately 21,000 gas units. At high congestion, this can cost several dollars. Layer 2 networks like Polygon, Arbitrum, and Base reduce gas fees to fractions of a cent. SpacePay covers gas fees for customers, removing the friction of needing native tokens to complete a purchase.
Related Terms
Gas
Gas is the unit measuring computational work for blockchain transactions. Gas costs fluctuate with network congestion, which is why Layer 2 networks and gasless solutions are critical for payments.
Gasless Transaction
A gasless transaction is one where the end user pays no gas fee — a third party like SpacePay sponsors the cost using meta-transactions or account abstraction.