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Blockchain transactions fees (+smart contract executions)

Calculating the total transaction fee works as follows:

Gas units (limit) * (Base fee + Tip)

  • Base fee: 50
  • Priority fee: can be 0.01
  • financial transactions gas used : 21000 GWEI
  • 1 GWEI = 0.000000001 UON
    → a financial transaction taking a priority fee of 1.5 would cost only 0.0010815 UON
Read more here
Erica
  • Operator in a small clothing warehouse
  • Registering inbound & outbound events
  • On average: 10,000 asset/event creations per month
Recommendation
  • Minimum number of assets/events per bundle: 5
  • Time between bundle creations: 30 minutes
  • €146/month, or 1,460 UON
Lee
  • Systems Engineer at a mid-sized pharmaceutical processing company
  • Registering inbound & outbound events, Transformation asset creations
  • On average: 100,000 asset/ event creations per month
Recommendation
  • Minimum number of asset/events per bundle: 10
  • Time between bundle creations: 5 minutes
  • €876/month, or 8,760 UON
Jules
  • Data architect at a national e-commerce retailer
  • Registering inbound events
  • On average: 1,000,000 asset/event creations per month
Recommendation
  • Minimum number of asset/events per bundle: 20
  • Time between bundle creations:  1 minute
  • €4,380/month, or 43,800  UON