Ethereum Gas Limit (EGL)

Ethereum Gas Limit, the crypto

Ethereum Gas Limit (EGL) is the maximum amount of gas that can be used per block in the Ethereum network. Gas is the unit used to measure the amount of computational work required to execute a transaction or smart contract on the Ethereum blockchain.

The point

The main point of Ethereum Gas Limit (EGL) is to prevent the Ethereum network from becoming overloaded with transactions that require too much computational work to process. By setting a limit on the amount of gas that can be used per block, the network ensures that transactions and smart contracts are processed in a timely and efficient manner.

The problem

Ethereum Gas Limit (EGL) tries to solve the problem of network congestion and scalability on the Ethereum network. Without a gas limit, the network would be vulnerable to various attacks, such as denial-of-service attacks and spam attacks, which could overwhelm the network and cause it to crash.