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The maximum number of gas units the transaction originator is willing to pay in order to complete the transaction


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Slide Text

  • Max Gas units- > Originator willing to pay (EOA)
  • Ether Transfer -> 21000 Gas required
  • Contract Tx -> Requires more Gas
  • Not enough Gas -> 00G Error (Out of gas error)
  • For each tx there is an estimated gas cost calculated
  • Excess gas -> sent back