Ethereum gas price statistics

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 373

Classification and Topics

• Classification: Wirtschaft ; Econometrics of Games and Auctions ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Network Formation and Analysis: Theory ; Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
• Subject: Ethereum ; gas price ; confirmation time ; forecasting

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Carl, David ; Ewerhart, Christian
• Event: Veröffentlichung
• (who): University of Zurich, Department of Economics
• (where): Zurich
• (when): 2020

Further information

• DOI: doi:10.5167/uzh-194455
• Handle: http://hdl.handle.net/10419/228872
• Last update: 06.09.2030, 12:43 AM CEST