By the end of this lesson, you will be able to:
BNB Smart Chain gas trackers are essential tools that provide users with real-time information about gas fees, network congestion, and transaction confirmation times, enabling them to make more informed decisions about their transactions on the BNB Smart Chain network.
A gas tracker in blockchain is a tool that allows users to monitor and track the amount of gas being used by transactions on the network1. Gas is a measure of computational effort required to execute a transaction on the blockchain, and is necessary to prevent spamming and other such activities on the network. Gas is usually denominated in a smaller unit of the native cryptocurrency of the blockchain, such as Gwei for Ethereum or BNB for BNB Smart Chain.
BNB Smart Chain Gas Tracker is a feature on BscScan that allows you to estimate the gas price and fees for sending transactions on the BNB Smart Chain (BSC) network. Gas is the unit of measure for the computational work done by the validators on BSC. Gas price is the amount of BNB that you are willing to pay per unit of gas. Gas fees are the total amount of BNB that you pay for a transaction, which is calculated by multiplying the gas price and the gas limit (the maximum amount of gas that you are willing to spend for a transaction).
You can use BNB Smart Chain Gas Tracker to: