What is "Gas"

Maxi Network is using $MGAS as a gas, a fundamental concept in the Ethereum ecosystem, ensuring efficient use of resources, providing a mechanism for prioritizing transactions.

$MGAS is used to pay for transaction fees within the Maxi Network. Every action on the blockchain

Key Concepts of Gas

• Gas Limit: This is the maximum amount of gas a user is willing to spend on a transaction. Each transaction or smart contract execution on Maxi Network requires a certain amount of gas, which varies depending on the complexity and computational requirements of the operation.

• Gas Price: The gas price is the amount of Maxi Gas (MGAS) a user is willing to pay per unit of gas.

The gas price can fluctuate based on network demand; higher gas prices incentivize miners to prioritize certain transactions.