⛽Gas Price computation
Last updated
Last updated
What is gas in EVM Chain ? On Ethereum and EVM chains, gas is a unit of measurement that represents the computational effort required to complete a transaction on the network. It is the fuel you must buy to incentivize miners to add your transaction to a block.
Gas Price Estimate with Verso Stack The gas price takes into account the EIP-1559 standard. Our Verso modules provide 3 levels of gas price recommendation for the wallet :
Slow
Estimation for a safe [non rejected for low gas price] but slow [confirmation within 20 to 100 blocks]
Standard
Estimation for a standard transaction : confirmation within the next 10 blocks.
Fast
Estimation for a fast transaction : to be included in the current or next block.