WHAT IS ETHEREUM, GAS LIMIT AND GAS OPTIMIZATION IN CRYPTO

GAS LIMIT

The gas limit is the maximum amount of gas you can use for a transaction. It’s determined by the sender, and it affects how much ether you will pay for your transaction.

The higher your gas limit, the more likely it is that miners will include your transaction in their block (and thus confirm it). However, if there are many pending transactions in front of yours and they all have high gas limits, then there may not be enough room left in the block for yours to fit in too!

In order to avoid paying more than necessary for fees and wait times on Ethereum transactions, which are both determined by how much “gas” goes into making them happen, it’s important to understand how these factors work together as well as what factors affect them most heavily.

GAS OPTIMIZATION

Gas optimization is the process of reducing the amount of gas used in a transaction by making it more efficient. This can be done by increasing the number of transactions per second (TPS), reducing the complexity of the transaction or optimizing its size.

The Ethereum network has been growing steadily since its launch in 2015, with an average TPS between 10 and 20 at any given time. However, if you want to make sure your transaction goes through as quickly as possible, it’s important to remember that higher fees will increase its priority over others on-chain which may result in faster processing times if there are no other competing transactions waiting their turn for confirmation by miners.