Gas Limit
Definition
Gas limit is a parameter that determines how much processing power and resources a transaction requires on the Ethereum network; This limit specifies the maximum amount of gas that can be consumed during the process.
Gas Limit is a parameter that specifies the maximum amount of gas that an Ethereum transaction can use during its transaction process on the network. The amount of gas used during the transaction cannot exceed the gas limit. The gas limit is determined by the user sending the transaction and determines the maximum amount of gas that will be used to process the transaction on the network. This limit is set depending on the amount of computing power and transaction required during the transaction. If the specified gas limit is exceeded during the transaction, the transaction will fail and a fee will be paid as much as the gas is spent, but the transaction will not take place. Therefore, the gas limit allows the user sending the transaction to determine how much gas will be used to successfully complete the transaction.
This entry is part of the JrKripto crypto glossary. We explain key terms and concepts to help investors and traders understand the cryptocurrency market. Clear definitions support better decision-making and risk management.
Browse the full JrKripto glossary for more definitions on trading, DeFi, blockchain, and market analysis. Each term includes a short definition and extended explanation to support your research.
The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
The glossary covers a wide range of topics from trading and DeFi terms to blockchain infrastructure and market indicators. You can find terms via search or the term list. Use the related terms section to discover related concepts.
