Get a live fee estimate for a mainnet transaction using data that can be obtained directly from a Cardano node or from the Plutus system.
The Plutus fee estimator allows both users and the creators of dApps to accurately estimate the fees that will be charged for a transaction within the current mainnet parameters. There are three data points needed to estimate the fee and these are:
- The total on-chain transaction size
- The number of computational steps the script uses
- The number of memory units
As said, these pieces of data can be gathered directly from a Cardano node or from the Plutus system.
Results from the estimator are expressed in ADA and US dollars.
Specifically, this is beneficial for dApp developers as it allows them to more accurately estimate the transaction costs for users of their dApps. Allowing them to provide their users with a more accurate estimate of the cost of a transaction, resulting in an overall better user experience.