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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 cost¹, 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.
[1]: We took the median value in a range of 13 gas cost values.