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Analysis of Costs for Smart Contract Execution

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Blockchain and Applications (BLOCKCHAIN 2020)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 1238))

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Abstract

This work analyses the differences in Gas cost consumption for the execution of individual functions between the two Smart Contract (SC) programming languages Solidity and Vyper. For this purpose, SCs for the most basic types ERC-20, MultiSig and Atomic Swap were created for both programming languages. To enable a comparison, it was ensured that a SC fulfills exactly the same task in each programming language. It turns out, that the calculated estimated Gas amount from the compiler is mostly meaningless. There is also no programming language, that is always superior to the other in Gas cost efficiency for each SC type and that Waves can be an alternative.

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Notes

  1. 1.

    https://bitcoinmagazine.com/articles/multisig-future-bitcoin-1394686504.

  2. 2.

    https://solidity.readthedocs.io/.

  3. 3.

    https://vyper.readthedocs.io/.

  4. 4.

    https://wavesplatform.com/files/docs/white_paper_waves_smart_contracts.pdf.

  5. 5.

    https://docs.wavesplatform.com/en/blockchain/transaction/transaction-fee#smart-accounts.

  6. 6.

    https://gitlab.hs-ruhrwest.de/fyfeadle/blockchain-2020-doctoral-consortium.

  7. 7.

    https://eips.ethereum.org/EIPS/eip-20.

  8. 8.

    https://docs.wavesplatform.com/en/ride/base-concepts/complexity.

  9. 9.

    General coin data: https://coinmarketcap.com/

    Ethereum related: https://etherscan.io/.

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  5. Baird, K., Jeong, S., Kim, Y., Burgstaller, B., Scholz, B.: The economics of smart contracts (2019). https://arxiv.org/abs/1910.11143. Accessed 07 Feb 2020

  6. Chen, T., Li, X., Luo, X., Zhang, X.: Under-optimized smart contracts devour your money (2017). https://arxiv.org/abs/1703.03994. Accessed 07 Feb 2020

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Author information

Authors and Affiliations

  1. Computer Science Institute, University of Applied Sciences Ruhr West, 46236, Bottrop, Germany

    Felix Adler, Dennis Kitzmann & Marc Jansen

Authors
  1. Felix Adler
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  2. Dennis Kitzmann
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  3. Marc Jansen
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Corresponding author

Correspondence to Felix Adler .

Editor information

Editors and Affiliations

  1. BISITE Research Group, University of Salamanca, Salamanca, Spain

    Javier Prieto

  2. Politecnico do Porto and INESC TEC, Porto, Portugal

    António Pinto

  3. Center for Security, Theory and Algorithmic Research, IIIT, Hyderabad, Telangana, India

    Ashok Kumar Das

  4. Department of Pure and Applied Sciences, University of Urbino, Urbino, Italy

    Stefano Ferretti

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Adler, F., Kitzmann, D., Jansen, M. (2020). Analysis of Costs for Smart Contract Execution. In: Prieto, J., Pinto, A., Das, A., Ferretti, S. (eds) Blockchain and Applications. BLOCKCHAIN 2020. Advances in Intelligent Systems and Computing, vol 1238. Springer, Cham. https://doi.org/10.1007/978-3-030-52535-4_16

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