Transaction fees optimization in the Ethereum blockchain

【Author】 Laurent, Arnaud; Brotcorne, Luce; Fortz, Bernard

【Source】BLOCKCHAIN-RESEARCH AND APPLICATIONS

【影响因子】

【Abstract】In blockchains, transaction fees are fixed by the users. The probability for a transaction to be processed quickly increases with the fee level. In this paper, we study the transaction fee optimization problem in the Ethereum blockchain. This problem consists of determining the minimum price a user should pay so that its transaction is processed with a given probability in a given amount of time. To reach this goal, we define a new solution method based on a Monte Carlo approach to predict the probability that a transaction will be mined within a given time limit. Numerical results on real data highlight the quality of the results.

【Keywords】Pricing; Blockchain; Ethereum; Optimization; Gasprice; Ether; Monte-Carlo

【发表时间】2022 SEP

【收录时间】2023-02-08

【文献类型】实证数据

【主题类别】

区块链技术-核心技术-挖矿策略