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Gas Limit
HomeGlossary TermsGas Limit

Gas Limit

June 28, 2023BY Ubik Capital
142Views

Gas limit refers to the maximum fee that the Ethereum network can charge a user for the computational effort needed to process a transaction. The gas limit is influenced by factors such as the complexity of the transaction, the chosen transaction speed, and the level of network congestion at the time the transaction is initiated. As the Ethereum network processes a large number of transactions simultaneously, network validators prioritize transactions from users who offer higher gas fees.

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