Trace-Based Dynamic Gas Estimation of Loops in Smart Contracts

Li, Chunmiao; Nie, Shijie; Cao, Yang; Yu, Yijun and Hu, Zhenjiang (2020). Trace-Based Dynamic Gas Estimation of Loops in Smart Contracts. IEEE Open Journal of Computer Society, 1(1) pp. 295–306.

DOI: https://doi.org/10.1109/OJCS.2020.3039991

Abstract

Smart contracts on Ethereum can be used to encode business logic and have been applied to many different areas, such as token exchanges and games. Unlike general programs, the computations of contracts on Ethereum are restricted by the gas limit. If a transaction runs out of the gas limit before an execution finishes, the Ethereum virtual machine throws an out-of-gas exception, and the entire transaction fails, which reverts to the state before the transaction started, although the transaction fee is still deducted. It is therefore, essential to conduct a gas estimation before sending a transaction. Existing studies have mostly failed in estimating the gas for a loop function because the number of iterations of the loops cannot be statically determined. However, we found that a quarter of all contracts have loop functions, and the gas cost for the loops is higher than for the other functions. Therefore, it is necessary to apply a gas estimation for the loop functions. In this study, we propose a gas estimation approach based on the transaction trace to dynamically estimate the gas for the loop functions. Our belief is that we can learn the relationship
between the historical transaction traces and their gas costs to estimate the gas for new transactions. We considered three different abstractions of the original transaction trace and fed them to different machine learning models. The results show that our approach is effective in gas estimation and that a random forest
can achieve the most accurate estimation.

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