What is the gas limit in smart contracts?
An example of an AI chatbot conversation about understanding gas limits in smart contracts.
What is the gas limit in smart contracts?
The gas limit is the maximum amount of gas units that a transaction can consume when executing a smart contract.
Why is the gas limit important?
It's crucial because it prevents infinite loops and ensures that transactions don't consume excessive resources.
How do I set the gas limit for my transaction?
You can set the gas limit in your wallet or during the transaction process, usually with a recommended value.
What happens if I exceed the gas limit?
If you exceed the gas limit, the transaction will fail, and you will lose the gas fees spent.
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