Polygon PoS Chain Gas Tracker https://polygonscan.com/gastracker.
Polygon Network Gas Fee Policy
- Welcome to Metaggio, where we leverage the Polygon network to offer you a fast, secure, and cost-effective experience. This policy provides detailed information about the gas fees associated with transactions on the Polygon network.
What are Gas Fees
- Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on the blockchain. On the Polygon network, gas fees are known for being significantly lower than on the Ethereum mainnet, making it an attractive option for users seeking efficiency and affordability.
How are Gas Fees Calculated?
- On the Polygon network, gas fees are calculated based on two main factors
- Gas Used: The complexity of the transaction. More complex transactions require more computational work and thus consume more gas.
- Gas Price: The price per unit of gas, which can fluctuate based on network demand.
- The total gas fee for a transaction is the product of the gas used and the gas price: Total Gas Fee = Gas Used x Gas Price.
Our Gas Fee Policy
- Transparency: Before confirming any transaction on Metaggio marketplace, users will be shown an estimate of the gas fee required. This estimate is based on current network conditions and the complexity of the transaction.
- Optimization: Our platform optimizes transactions to ensure minimal gas consumption without compromising on speed or security.
- User Choice: Users have the option to choose the speed of their transactions. Higher speeds may require higher gas fees, while lower speeds can help save on costs.
- Support for MetaTransactions: We support meta transactions for certain operations, allowing users to perform transactions without directly paying gas fees, enhancing user experience on our platform.
Tips for Minimizing Gas Fees
- Off-Peak Transactions: If possible, execute transactions during off-peak hours when the network is less congested.
- Batch Operations: Consolidate multiple operations into a single transaction where possible to save on gas.
- Stay Informed: Keep an eye on the Polygon gas tracker and our platform updates for the best times to transact and updates on gas-saving features.
Why Use Polygon?
- Choosing the Polygon network allows us to offer our users a balance between speed and cost. The network's scalability solutions ensure that gas fees remain low, even as the ecosystem grows and evolves.
- For any questions or further information regarding our gas fee policy, please contact our support team.