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Understanding Gas and Optimization in Smart Contracts

Tutorial August 22, 2024
solidity

Key Points:

  • Gas Limit: The maximum amount of gas a user is willing to spend on a transaction.
  • Gas Price: The amount of Ether a user is willing to pay per unit of gas.
  • Gas Cost: The total amount of gas consumed by a transaction, multiplied by the gas price, determines the total fee paid.