Gas Limits & Gas Price - Deepstash

Gas Limits & Gas Price

To get an operation done in Ethereum, the sender of the transaction must specify a gas limit before they submit it to the network & a gas price: 

  • The gas limit is the maximum amount of gas the sender is willing to pay for this transaction. If an operation has LOW gas, then the miners won’t even pick it up because it doesn’t have enough gas to finish the computation.
  • The price is the amount of gas the sender is willing to pay. If an operation has LOW fees, then it might have just enough gas to cover it but still, the miners won’t be chomping at the bits to pick it up because an operation with low fees isn’t economically appealing for them.

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vladimir

Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

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