How Does the "Gas Price" Differ from the "Gas Limit" in Ethereum? ▴ Learn

How Does the “Gas Price” Differ from the “Gas Limit” in Ethereum?

The gas limit is the maximum amount of computational work a user allows for a transaction, while the gas price is the amount of Ether a user is willing to pay for unit of gas. The total transaction fee is calculated by multiplying the gas limit (or the actual gas used) by the gas price.

The gas price is what users adjust to compete for inclusion in a block, while the gas limit is set to ensure the transaction completes or fails safely.

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