What is Gas Limit?
Imagine you're sending a package on the Ethereum network, like a giant computer for money and stuff. The delivery process uses computing power to verify everything. Gas Limit is like your budget for delivery. You set a maximum amount you're willing to pay for the computer power needed to complete your transaction.
Here's the breakdown:
- Transaction: Sending money, running a program (called a smart contract), or anything that needs to happen on the Ethereum network.
- Gas: The computing power required for the transaction. Think of it as the delivery truck's fuel.
- Gas Limit: The maximum amount of gas (fuel) you're willing to spend, like your delivery budget.
So, setting a Gas Limit helps you avoid accidentally spending too much on a transaction, especially for complex ones, just like you wouldn't want a taxi ride to cost more than expected!