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Gas & Operability
Gas refers to the amount of computational effort required to execute a specific action or transaction on the blockchain network. Gas is typically measured in units of "gas fees" or "transaction fees," which are paid in the cryptocurrency used by blockchain networks.
In Shibarium, $BONE is the token actively producing the operability of transactions.
It measures the computational resources required to execute an action or set of actions. Every operation on the network has a cost in gas, with more complex operations requiring more units of this one.
Validators on the Shibarium network, who verify and process transactions, are rewarded with this fee in return for staking their $BONE and validating blocks.
Transaction (Gas) fees provide an incentive for individuals to become validators, also known as the protocol's 'stakers' in Shibarium. Without these fees, there would be little motivation for individuals to commit $BONE to validating for the network. Additionally, the network would be vulnerable without a sufficient number of validators to secure it. The transaction fees cover the costs associated with validating and processing transactions on the Shibarium network, and allow these to operate at optimal standards for performance and integrity within its operability.
❗️The development team is currently evaluating potential gas fee rates for the blockchain network. However, these estimates may not be accurate until the beta phase is live, as the team wants to ensure that the network is optimized before determining the final cost. The network's gas fees are expected to be lower than the current fees on the Ethereum mainnet. However, the team prefers to wait for the analysis to be done on the Shibarium Testnet to ensure the data is accurate before making a final decision.