The article investigates transaction processing times in Ethereum, revealing that these times are closely tied to block generation durations which are stable under various congestion scenarios. It also examines the accuracy of transaction processing predictions made by platforms like Etherscan and EthGasStation, emphasizing the need for reliable metrics for end-users. Through a detailed analysis of various models and their efficiencies, the authors aim to present a clearer understanding of the transaction dynamics in Ethereum, paving the way for better estimations and user experiences.
Transaction processing times in blockchains like Ethereum are influenced significantly by block generation times, which remain stable even during network congestion due to adaptive difficulty mechanisms.
Our experiments reveal that while related studies assume transaction rates are consistently slower on private blockchains, Ethereum’s performance showcases faster processing times sustained across varying conditions.
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