Fees
Transaction fees on Merlin Chain comprise two components: L2 transaction execution fees and L1 security fees. The L2 transaction execution fee is incurred when executing transactions on the Layer 2 network, while the L1 fee primarily covers the cost of transmitting L2 data and ZK proofs to the Layer 1 network.
At this stage, Merlin Chain only charges L2 transaction execution fees. The fee model for transaction execution is similar to the gas fee model used in other EVM-compatible chains. Each transaction consumes a certain amount of Gas, and users can specify the Gas Price per unit of gas when initiating a transaction. The total cost of a transaction is calculated as Gas Cost * Gas Price.
This section are a few key points related to Fees on Merlin Chain, including:
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