Ethereum gas price statistics

David Carl and Christian Ewerhart

No 373, ECON - Working Papers from Department of Economics - University of Zurich

Abstract: 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.

Keywords: Ethereum; gas price; confirmation time; forecasting (search for similar items in EconPapers)
JEL-codes: C22 C57 D85 E37 (search for similar items in EconPapers)
Date: 2020-12
New Economics Papers: this item is included in nep-ene, nep-ets, nep-mac and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:zur:econwp:373

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