Gas Limit

In Ethereum, Gas Limit is a parameter that determines the maximum amount of gas that can be spent on a transaction. When a transaction is executed, the gas limit set by the user determines how much gas can be consumed, indicating how complex or resource-intensive the transaction is.

Gas Limit specifies the amount of gas required for a transaction to be successfully completed. During the execution of a transaction, operations such as calculations, data storage, and smart contract execution consume gas. This gas is used to determine the transaction fee.

Gas Limit is set by the user who initiates the transaction. The user specifies how much gas they want to use for the transaction. However, the user should also consider whether there is enough gas available in the block that will include the transaction. If the gas limit set by the user does not provide enough gas for the transaction, the transaction will fail, but the transaction fee will still be paid.

While Gas Limit indicates the maximum amount of gas that the user is willing to spend to execute a transaction, the actual gas consumed during the transaction cannot exceed this limit. For example, if a user sets a gas limit of 100,000 and only 50,000 gas is consumed during the transaction, the user will only pay for the 50,000 gas used.

Gas Limit determines the transaction fees and controls the complexity of transactions in Ethereum. Users should set an appropriate gas limit for their transactions and ensure they have enough gas to execute them.