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Role of Ethereum in Sending ERC-20 Tokens

In the world of cryptocurrency, Ethereum plays a crucial role, particularly when it comes to sending ERC-20 tokens. For anyone using the Ethereum blockchain, it’s essential to understand why having ETH (Ethereum) in your wallet is necessary for transferring these tokens. The underlying mechanics of this requirement involve transaction fees, GAS, and the nature of

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Ethereum (ETH) Gas and Its Purpose in Network Fees

For many people outside the Ethereum ecosystem, this kind of talk sounds like gibberish. Ethereum’s platform has a unique way of handling transaction fees and operational features through a concept called gas. Gas is an internal payment method necessary for processing transactions or executing smart contracts. Let’s dive into the mysterious world of Ethereum and