Cryptocurrency Q&A
What is the gas limit fee?
What is the gas limit fee?
Starlight
Thu Dec 12 2024
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7 answers
1656
I've been hearing about this gas limit fee thing and I'm really confused. What exactly is it and why do I need to pay it? Is it a fixed amount or does it vary? How is it calculated and what factors affect it?
7 answers
MysticEchoFirefly
Sat Dec 14 2024
The first element is the gas limit.
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Riccardo
Sat Dec 14 2024
The gas limit signifies the maximum quantity of work a user anticipates a validator will execute for a specific transaction.
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CryptoMystic
Sat Dec 14 2024
It serves as an estimate of the resources required to process the transaction.
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Silvia
Sat Dec 14 2024
The second element is the gas price.
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Valentino
Sat Dec 14 2024
The computation of gas fees encompasses two fundamental elements.
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