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👋
Introduction
Understanding the Tezos blockchain
🧑🍳
Baking - Creating blocks on the Tezos blockchain
🖥
Nodes in the Tezos blockchain
🔁
Tezos Amendment Process
🎟
Tickets
🔏
Sapling - Make confidential transactions on Tezos
✍
Formal Verification
How-To
💡
Prepare your baker for Ithaca2
🔂
Run a persistent baking node
🔌
Select a public node
💻
Run a Tezos node
🙋♂
Demonstrate ownership of a tz address
📥
Submit transactions to a specific baker
🚀
Estimate Tezos performances
💰
Estimate transaction cost
Decentralized Applications
💸
DeFi on the Tezos blockchain
🎨
Non-Fungible Tokens (NFTs) on the Tezos blockchain
🏗
Home Base DAO
🆔
Self-sovereign Identities
Projects
🇪🇺
EuroTz
☑
Whitelist smart contract
🎨
Rarible
Tools
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Recommended tooling
FAQ
❓
Installation & data volume
❔
Network flow
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GitBook
💰
Estimate transaction cost
To measure the cost of a transaction in fiat currency, we calculate as follows
gas consumed
×
median gas cost
×
tez price
1
,
000
,
000
=
tx price
\frac{\text{gas consumed} \times \text{median gas cost} \times \text{tez price}} {1,000,000} = \text{tx price}
1
,
000
,
000
gas consumed
×
median gas cost
×
tez price
=
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:
Hic et Nunc NFT minting:
94,000 gas units
Hic et Nunc NFT transfer:
123,000 gas units
tez transfer:
1,500 gas units
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.
How-To - Previous
Estimate Tezos performances
Next - Decentralized Applications
DeFi on the Tezos blockchain
Last modified
6mo ago
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