Save Money on Transaction Fees!

The video explains the concepts of gas limit and gas price in Ethereum, essential for understanding transaction costs. It covers how gas is used to measure computational power for executing smart contracts, and how gas prices fluctuate. The video also discusses how to save on transaction fees by adjusting gas prices and limits, and the role of miners in prioritizing transactions. It concludes with a disclaimer about the content not being financial advice.

What is the significance of the 'Gwei' unit in Ethereum transactions?

Describe how miners prioritize transactions based on gas price.

How can users save on transaction fees when using Ethereum?