[Experimental] CKB Extension: Fee Estimator

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CKB extension to estimate transaction fees.

:warning: Warning

Not Production Ready!

Usage

• Compile:

  bash cargo build --release

• Run a CKB node.

• Run the fee estimator service:

  bash RUST_LOG="info,ckb_fee_estimator=trace" \ ./target/release/ckb-fee-estimator \ --subscribe-addr "${CKB_RPC_TCP_ADDRESS}" \ --listen-addr "localhost:8080"

• Waiting for collecting enough data.

• Query via HTTP JSON-RPC:

  bash curl -H 'content-type: application/json' \ -d '{"id": 2,"jsonrpc": "2.0","method": "estimate_fee_rate","params": [{"algorithm":"vbytes-flow", "probability":0.90, "target_minutes": 10}]}' \ "http://localhost:8080"

JSON-RPC Methods

estimate_fee_rate

• Parameter:

  • algorithm: The algorithm which used for estimating fee rate.

  Currently, there is only one algorithm vbytes-flow.

  • Algorithm-related parameters:

  • For vbytes-flow algorithm, the probability (a 32-bit floating point) and target_minutes (a 32-bit unsigned integer) should be provided.

• Returns

  • Fee rate (a 64-bit unsigned integer) or null.

  With the returned fee rate, the probability of the transaction to be committed in target_minutes should be equal or greater than probability.

Algorithms

vbytes-flow

Follow the Weight-Units Flow Fee Estimator for Bitcoin

License

Licensed under [MIT License].