What Is ‘Gas Limit’ and How Does It Prevent Infinite Loops in Smart Contracts?
The gas limit is the maximum amount of gas a user is willing to spend on a particular transaction or smart contract execution. Every operation in a smart contract costs a certain amount of gas.
By setting a limit, the network ensures that if a contract enters an infinite loop, the execution will eventually run out of gas and halt, preventing the network from being clogged by computationally expensive, non-terminating code.
Glossar
Infinite Loops
Failure ⎊ In the context of smart contracts governing crypto derivatives, an unintended infinite loop represents a critical execution failure that halts contract progression indefinitely.
Smart Contract
Code ⎊ The contract is fundamentally self-executing code deployed on a distributed ledger, embodying the terms of the agreement in an immutable format.
Gas Limit
Constraint ⎊ Gas Limit, within cryptocurrency networks, represents the maximum computational effort a transaction or smart contract execution may require; it’s a crucial mechanism for preventing denial-of-service attacks and ensuring network stability by limiting resource consumption.