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Type | Working Paper |
Scope | Discipline-based scholarship |
Title | Ethereum gas price statistics |
Organization Unit | |
Authors |
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Language |
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Institution | University of Zurich |
Series Name | Working paper series / Department of Economics |
Number | 373 |
ISSN | 1664-705X |
Number of Pages | 25 |
Date | 2020 |
Abstract Text | For users of the Ethereum network, the gas price is a crucial parameter that determines how swiftly the decentralized consensus protocol confirms a transaction. This paper studies the statistics of the Ethereum gas price. We start with some conceptual discussion of the gas price notion in view of the actual transaction-selection strategies used by Ethereum miners. Subsequently, we provide the descriptive statistics of what we call the threshold gas price. Finally, we identify and estimate a seasonal ARIMA (SARIMA) model for predicting the hourly median of the threshold gas price. |
Official URL | https://www.econ.uzh.ch/en/research/workingpapers.html?paper-id=1055 |
Other Identification Number | merlin-id:20421 |
PDF File | Download from ZORA |
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Keywords | Ethereum, gas price, confirmation time, forecasting |