i thought a big part of bitcoin is that theres no fees whatsoever, but I have realized theres a transaction fee section on my blockchain wallet. Also, I have heard people saying they can put more "gas fee" to make the transaction confirmed faster. How does that work?
thanks
Transaction fees are small fees given to miners which act as a partial additional fund the miners take along with a system that prevents spam attacks on the network, meaning that it costs money to attack the network with overwhelming transaction volumes.
It also gives the miners a reason to prioritize the transaction, making it be confirmed faster.