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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Ethereum gas price statistics
Organization Unit
  • David Carl
  • Christian Ewerhart
  • English
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.
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Keywords Ethereum, gas price, confirmation time, forecasting