Gas limit

Gas limit is the maximum amount of computational work that a single transaction or smart contract can perform. It's a critical mechanism for managing resources and preventing abuse within decentralized networks. Gas is consumed as transactions and smart contracts execute, with the gas limit defining the upper threshold. Users specify the gas limit for their transactions, balancing efficiency and cost. If a transaction consumes more gas than the limit, it will not be processed, helping maintain the security and stability of the Web3 network while ensuring fair resource allocation.