Gas Limit

Gas Limit is a crucial parameter in blockchain networks like Ethereum. It represents the maximum amount of computational work a user is willing to pay for when executing a transaction or smart contract. Setting a gas limit ensures transactions don't consume excessive resources. If the limit is too low, the transaction may fail; if too high, users might overpay. Miners prioritize transactions based on gas limits and fees, affecting transaction speed. Understanding and setting an appropriate gas limit is essential for efficient and cost-effective blockchain interactions.