Transaction Handling in GAYA

In GAYA, transactions serve as the primary mechanism for interacting with smart contracts. Each transaction can include data that specifies which function within the contract should be executed and can optionally transfer GayaCoins. Transactions enable a wide range of interactions within dApps, from basic token transfers to complex, multi-contract operations in DeFi and gaming applications.

• Failed Transactions and Reversion: If a transaction fails—due to an unmet condition or an insufficient gas limit—GAYA automatically reverts it to its initial state. This reversion prevents unintended changes to the blockchain, preserving data integrity. Users are only charged for the gas consumed during the attempt, ensuring transparency and security in the transaction process.

• Gas and Costs: Executing transactions on GAYA requires gas, with the amount determined by transaction complexity. Users must specify a gas limit (maximum gas they’re willing to spend) and a gas price (amount per unit of gas), which together determine the transaction’s total cost.

Technical Insight If a contract function includes a condition (require statement) that fails, GAYA will immediately revert the transaction. For instance, if a user tries to transfer more tokens than their balance, the transaction fails, and any interim state changes are discarded. This mechanism ensures that the blockchain’s integrity is maintained, even during failed transactions, while compensating for computational resources used.