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A Simple, Transparent Model for Estimating Ethereum Transaction Speeds

  • The study presents a model for estimating Ethereum transaction speeds, focusing on simplicity and transparency.
  • They evaluate the accuracy of prediction models provided by Etherscan and EthGasStation.
  • A post-hoc study aims to derive a simpler, more interpretable model compared to existing models.
  • Utilizing linear regression for prediction while engineering a historical feature for Ethereum transaction processing.
  • The study uses a sliding-time-window-based model validation approach for robustness.
  • Comparative analysis with state-of-the-practice model reveals similar accuracy at a global level.
  • The linear regression model outperforms for 'very cheap' and 'cheap' price categories.
  • Findings show potential cost-saving opportunities for users based on accurate predictions.
  • Authors include Michael Pacheco, Gustavo A. Oliva, Gopi Krishnan Rajbahadur, and Ahmed E. Hassan.
  • The paper is available on arxiv under CC BY-NC-ND 4.0 DEED license.

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