Gas fees help share limited resources efficiently. Since block space in the blockchain is limited, users compete for space by offering higher gas fees for their transactions. This arrangement ensures that the most valuable and prioritised transactions get processed first and prevents network congestion.
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Transaction and Gas Limit: When initiating a transaction or running a smart contract, users set a gas limit, which is the maximum amount of gas they are willing to pay for that operation. This limit serves to protect users from unintentionally spending excessive amounts of gas
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