Are there any fees associated with using or transacting on the network such as gas fees or transaction fees?
Yes, there are fees associated with using or transacting on the XDC Network.
The fees are called "gas fees" and they are paid in XDC tokens. Gas fees are used to pay for the cost of running a transaction on the network, such as data storage, computation, and network bandwidth. The amount of gas fee depends on the complexity of the transaction and is determined by the miners who process it.
The higher the gas fee, the faster your transaction will be processed. Additionally, there may be other types of fees associated with certain transactions such as transaction fees or exchange fees.
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