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An Evaluation of Gas Consumption Prediction on Ethereum based on Transaction History Summarization | IEEE Conference Publication | IEEE Xplore

An Evaluation of Gas Consumption Prediction on Ethereum based on Transaction History Summarization


Abstract:

The author uses data about transactions on Ethereum as sources for studying the relationship between the historic of transactions for a given address and the amount of ga...Show More

Abstract:

The author uses data about transactions on Ethereum as sources for studying the relationship between the historic of transactions for a given address and the amount of gas consumed for a transaction. The author combines data about transactions, and blocks to predict the gas usage for a transaction. Specifically, how much gas will be consumed for the next transaction, given the initiator’s transaction history. The results demonstrate the value of considering the transaction history for gas usage predictions.
Date of Conference: 28-30 September 2020
Date Added to IEEE Xplore: 14 October 2020
ISBN Information:
Conference Location: Paris, France
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I. Introduction

Since Ethereum was launched in 2015, it has become the world’s leading programmable blockchain, allowing anyone to write Smart Contracts and Decentralized Applications (DApps), on top of the possibility to transfer ether (ETH), Ethereum’s own cryptocurrency. On Ethereum, the execution of a transaction requires some computational resources (called Gas ) which the initiator of the transaction has to pay for. She sets (i) the amount she is willing to pay per unit of gas (i.e., the GasPrice ), and (ii) the maximum units of gas she is willing to pay for (i.e., the GasLimit ); and she pays in advance the amount GasPrice × GasLimit . If the transaction does not exceed the amount of gas set by the initiator, then the latter will get back the ( GasPrice × GasLimit ) – Gas Cost ; while the Gas Cost is paid to the miner. Otherwise, the amount is lost.

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References

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