We also introduced an advanced usage for quickly obtaining Gas prices.
Written by: Pan Zhixiong, Research Director of Lianwen
As an ecological level of activity Square Ethernet network of the most important indicators “Gas prices” has always been one of the Ethernet data network workshop participants are most concerned about, because you can understand the extent of congestion in the network, or on the development of ecological chain transactions through it Urgency.
With the importance of gradually lifting Gas price data, third-party tools-based Gas prices are also more and more, can be divided into two categories:
- ” History ” of Gas price
- ” Prediction ” of future gas prices
Where history can be things Gas prices on the secondary chain research institutions to understand user behavior has occurred and features a variety of applications, and predict the future Gas prices may provide more accurate data for chain transactions have on the demand of users, the wallet application reference.
For most users, the demand for gas fee forecasting should be more common. Many users may not know or are not aware directly to the existence of such services, because most have built-in encryption currency wallet functionality, users can directly use without special attention. The selection of a suitable wallet service will help calculate a more accurate value for the user to enhance the user experience, or cost savings.
This article will introduce the relevant third party data services with Gas the most noteworthy 6: GasNow, Blockchair, ETH Gas Station , Etherscan, ETH Gas.watch, fees.wtf.
For advanced players, this article will introduce a quick access Gas prices advanced usage.
What is Gas?
Let’s start with what Gas is.
Place in the Ethernet network, either transfer transaction or contract requires the implementation of smart consumption calculation for the entire network or storage resources, the number of consumption of these resources called Gas (petrol). For each on-chain transaction, two gas parameters need to be set, which are the ” Maximum Gas Consumption ” (Gas Limit) and ” Gas Price ” (Gas Price) of this transaction. This is the multiplication of the two. Gas consumption costs biggest transaction (with ETH-denominated).
“Gas consumption” depends on the complexity of a single transaction, the transaction across the smart contracts or some very complex transaction logic, you need to consume more Gas, for the most common transfer transactions, Gas consumption was 21,000 . The unit of “Gas Price” is Gwei , which is completely priced by the market. It can be as high as 500 Gwei or more during network congestion, and as low as 10 Gwei during bear market.
Gwei ETH is a unit of measurement, which is the smallest unit of the ETH wei, wei from Chinese-American cryptography expert Davies (Dai Wei) name (we had ” Bitcoin pioneer Zhi: Dai Dai Wei Wei ” Introduced in the article), his invention of B-money is considered to be the spiritual leader of Bitcoin. The specific conversion method is:
1 ETH = 10^9 Gwei = 10^18 wei
GasNow: The most real-time and accurate Gas price recommendation
Multiple services mentioned herein provides real-time Gas prices suggestion, but GasNow is one of the most recommended.
Gas prices based on real-time transactions GasNow Spark mineral pool node trading pool distribution gives an indication that data with real-time, accuracy and the like, according to the user real-time data can be more quickly and accurately determine the current price Gas.
So there are a lot recently announced wallet GasNow use of services such as imToken, wheat wallet, MYKEY, TokenPocket, Trust Wallet.
What’s interesting is that GasNow also launched a macOS- based desktop gadget to facilitate heavy users. After installation, users can check the gas price that is regularly refreshed in real time in the title bar.
Highlights : The recommended gas price launched by the largest mining pool in Ethereum is currently the most worthy of reference data.
Applicable scenarios : For most users, you may not need to use this service directly, because the mainstream wallets have built-in GasNow, and they have already enjoyed the more accurate price predictions provided by GasNow. For heavy users, the experience of installing a macOS version will be better.
Blockchair: reflects the most real overall load of the Ethereum network
Gas price data for Ethernet Square, the most noteworthy tools Blockchair provide a one-day workshop Ethernet network Gas median price – Gas prices average value of a single day than any other company to offer in terms of median more Reflect the actual operation of the network. For example, there have been many cases in history where users set a sky-high Gas Price. Such extreme abnormal values will cause the average gas price to fail to reflect the overall situation of the day. In contrast, the median can be exempted from these extreme outlier cases, reflect the true load on the network.
Blockchair is also an old-brand block explorer that supports multiple blockchains. It currently supports block data searches for 16 public chain networks, and has also produced various charts for the data of various public chain projects. They offer a diverse and rich data interface (API), it is one of their profit model.
Highlights : Compared with other companies using the average value as a reference for historical data, Blockchair’s use of the median can effectively eliminate outliers in Gas prices.
Applicable scenario : Based on other data or events, refer to the median gas of a certain day in history. For example, as of today, the highest single day in history is the day when Uniswap issued the governance token UNI. The median gas price reached 542. It also means that half of all transactions on the Ethereum network on September 17th had Gas prices exceeding 542 Gwei.
ETH Gas Station: The most comprehensive application gas consumption statistics
Before the launch of GasNow, ETH Gas Station has always been a source of ” recommended gas prices ” for various wallets or the industry’s main reference. But in addition, the gas consumption of each application or smart contract calculated by ETH Gas Station is also a data worthy of reference and research.
ETH Gas Station provides a ranking of nearly 30 contracts on a single chain Gas consumption in the home can be observed to the nearest 30 most active projects, and specific consumption of Gas, Gas average price of a single contract and other data through this list .
Highlights : Gas consumption data accurate to a single smart contract.
Applicable scenarios : You can discover emerging or popular smart contracts on the chain through the Gas consumption list.
Etherscan: The most comprehensive Ethereum block data query and chart
Etherscan is the block explorer with the largest ecological traffic in Ethereum, and it is also the default choice for most Ethereum users and applications. Etherscan provides a variety of search blocks of data and charts, but also provides similar GasNow of Gas price Gas price proposals and the average chart. Etherscan functions are relatively comprehensive, but the individual functions are not as professional as these services.
Highlights : More comprehensive data and more chart types.
Applicable scenarios : Provides diversified Ethereum block data and trend charts, suitable for more long-tail needs.
ETH Gas.watch: Ethereum Gas Price Email Alert Tool
For users whose transaction needs are not particularly urgent, ETH Gas.watch can help you find low gas prices and reduce transaction costs on the chain. You can use it to set an e-mail alert, such as when Gas prices are lower than 50 Gwei reminder to send a message, then perform the task that interaction on the chain less urgent.
ETH Gas.watch is a new gadget, in addition to monitoring Gas prices through e-mail alert, but also aggregates multiple Gas price forecasting service, a Web site can query multiple data sources.
Highlights : Email alerts, aggregation of multiple Gas price prediction services.
Applicable scenarios : For low-frequency and non-urgent transaction needs, you can find low-price opportunities through ETH Gas.watch.
fees.wtf: Account Gas consumption record query
The total amount of Gas Users can query an Ethernet address Square consumed by fees.wtf, many people use the service after she discovered has consumed so many ETH, such as an address on my consumption of more than one ETH cost of Gas , The average gas price per transaction is 55 Gwei.
Advanced usage for advanced players: iOS “shortcut”
Some of the above data services provide API interfaces to the outside world. Users with a little knowledge of programming or advanced users can use the interface to build services that suit them. Professional users can use Python or other programming languages, and set up a dedicated server service, but for the average user, can actually improve efficiency by some simple tools, especially for heavy users.
Taking the interface provided by GasNow as an example, the simplest solution is that iOS users can quickly or regularly obtain Gas prices through the ” shortcut ” App. I also created a shortcut for download trial run directly after download, real-time Gas prices will be displayed by pushing ways.
You can also use the “shortcut” automatic setting to get the function regularly, or use the iOS 14 ” tap back ” function to set up gestures to trigger quickly.
