Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/228872 
Year of Publication: 
2020
Series/Report no.: 
Working Paper No. 373
Publisher: 
University of Zurich, Department of Economics, 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.
Subjects: 
Ethereum
gas price
confirmation time
forecasting
JEL: 
C57
C22
D85
E37
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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