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For example, let’s say the sender sets the gas limit to 50,000 and a gas price to 20 gwei. This implies that the sender is willing to spend at most 50,000 x 20 gwei = 1,000,000,000,000,000 Wei = 0.001 Ether to execute that transaction. Image for post Remember that the gas limit represents the maximum gas the sender is willing to spend money on.