Understanding the Tezos blockchain

How-To

Decentralized Applications

Tools

💰

Estimate transaction cost

To measure the cost of a transaction in fiat currency, we calculate as follows

$\frac{\text{gas consumed} \times \text{median gas cost} \times \text{tez price}}
{1,000,000} = \text{tx price}$

We take as an example the median gas cost**¹**, and the tez price on October 7, 2021:

- median gas cost: 0.1 / gas unit
- tez price: 6.7

We use the following values for the gas usage:

This cost calculation is indicative only. It’s not absolute nor guaranteed; it’s a cost estimate based on figures which are valid at one particular moment.

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