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Created
February 24, 2025 04:34— forked from mdehoog/main.go
Dump the transcation size + estimated compressed size from a geth database, and analyze using numpy
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Go's "multiple return values"
feature, can be used for several purposes. Among them for failure reporting to the function caller.
Go has two conventions for failure reporting, but currently, no clear convention for which to use when.
I've encountered different programmers that prefer different choices in different cases.
In this article, we will discuss the two, and try to make the process of choosing our next function signature
more conscious.
High level description Bitcoin Core's fee estimation algorithm
The algorithm takes as input a target which represents a number of blocks within which you would like your transaction to be included in the blockchain. It returns a fee rate that you should use on your transaction in order to achieve this.
The algorithm is conceptually very simple and does not attempt to have any predictive power over future conditions. It only looks at some recent history of transactions and returns the lowest fee rate such that in that recent history a very high fraction of transactions with that fee rate were confirmed in the block chain in less than the target number of blocks.
Transactions can occur with a nearly continuous range of fee rates and so in order to avoid tracking every historical transaction independently, they are grouped into fee rate "buckets". A fee rate bucket represents a range of fee rates within which the algorithm treats all transactions as having approximately the same fee rate and the answer th
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This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
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