How does the gas limit affect ether transactions?

1 answers

• Nov 27, 2021 · 3 years ago
  As an expert in the field, I can tell you that the gas limit is a critical factor in ether transactions. It affects both the speed and cost of transactions on the Ethereum network. When you send ether or interact with smart contracts, you need to specify the gas limit. This limit determines the maximum amount of computational work that can be done in a transaction. If the gas limit is too low, the transaction may fail due to insufficient gas. On the other hand, setting a higher gas limit can increase the chances of successful execution, but it also means higher transaction fees. So, it's important to carefully consider the gas limit when conducting ether transactions to optimize both speed and cost.
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