A Quick Gasprice Market Analysis

Written by Vitalik | Published 2019/05/30
Tech Story Tags: analysis | gas-price | market | blockchain | decentralization | vitalik-buterin

TLDR Data extracted from geth contains data about transaction fees in every block between 4710000 and 4730000. For each block, the “deciles” variable contains 11 values, where the lowest is the lowest gasprice in each block. This gives us a convenient summary of the distribution of transaction fees that each block contains. The only exception is the highest gasprice transaction, which fluctuates wildly because it can be pushed upward by a single very-high-gasprice transaction. The stats are: clear clustering going on at the 4, 10 and 20 levels.via the TL;DR App

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Published by HackerNoon on 2019/05/30