Where can I track the historical price of BTC gas fees? #asknostr
Discussion
What are gas fees? I have made plenty of on-chain and Lightning transactions and have never once paid anything called a "gas fee." I've paid transaction fees, though.
Okay
Stop getting your .eth terminology mixed up with Bitcoin. We don't have gas fees.
3 answers from you just because I wrote “gas” instead of “transaction”
Butthurt?
I don’t get your “we” and why you are apparently in rage about ETH.
Go chill, babe! 😎
Gas fees and transaction fees are fundamentally different things. Terminology matters.
Gas fees on Ethereum are determined by the amount of computation necessary to execute the transaction. Users set a gas limit, which is the maximum they are willing to pay, and can add a priority fee to try to have their transaction included before other transactions that are waiting to be processed.
Meanwhile, transaction fees on Bitcoin are directly tied to the amount of data the transaction will take up in a block and has nothing to do with the amount of computation necessary to execute the transaction, Users simply set the amount they are willing to pay per unit of data, such that transactions with a higher fee rate tend to be included in blocks first.
In Bitcoin call "gas" transaction fees, here's the answer to your question:
https://bitinfocharts.com/comparison/bitcoin-median_transaction_fee.html#log&alltime
Thank you 😊