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As we are in the lucky situation to be a very popular network right now, it needs to be made sure that people have a way to outbid other transactions with a higher transaction price to be properly prioritised by miners, just like it works on Ethereum and Bitcoin.
The most suitable place for this feature is the SDK. Some inspiration can be taken here: https://etherscan.io/gastracker
The firm way is to draw correlations like corr(when the tx was seen first, when it was mined, what gas it had), but for now it would be enough to just propose the average for the last microblock and add some percentage of markup.
The text was updated successfully, but these errors were encountered:
Using the new node's endpoint, wallet/aepp would be able to ask user to pick an estimate mining time, showing the approximate tx price. It needs to provide selected gasPrice to sdk.
I'm stuck on how to estimate the transaction price in #1328
As we are in the lucky situation to be a very popular network right now, it needs to be made sure that people have a way to outbid other transactions with a higher transaction price to be properly prioritised by miners, just like it works on Ethereum and Bitcoin.
The most suitable place for this feature is the SDK. Some inspiration can be taken here: https://etherscan.io/gastracker
The firm way is to draw correlations like corr(when the tx was seen first, when it was mined, what gas it had), but for now it would be enough to just propose the average for the last microblock and add some percentage of markup.
The text was updated successfully, but these errors were encountered: