Ethereum: Difference between `tx.gasprice`, `assembly { gasPrice := gasprice() }` and `block.basefee`

Understanding the Gas Price Output in Ethereum Contracts

Ethereum: Difference between `tx.gasprice`, `assembly { gasPrice := gasprice() }` and `block.basefee`

When working with Ethereum contracts, especially those that utilize inline assembly or interact with external APIs like gasprice(), understanding the difference between two seemingly similar values ​​can be crucial for accurate implementation. In this article, we’ll delve into the tx.gasprice and assembly { gasPrice := gasprice() } variables, exploring their differences and how they impact your contract’s behavior.

tx.gasprice

The tx.gasprice variable represents the estimated gas price for a transaction on the Ethereum network. This value is calculated by the Ethereum Virtual Machine (EVM) based on various factors, including:

  • Network congestion

  • Gas ​​limit of the transaction

  • Contract execution time

When you call gasprice() within an inline assembly block or as part of your contract’s initialization code, it returns this estimated gas price.

assembly { gasPrice := gasprice() }

The assembly keyword is used to define a function that takes no arguments and has a single return statement. When executed inline, this function calculates the estimated gas price for the transaction and assigns its value to the local variable gasPrice. This approach allows for efficient caching of gas prices without directly accessing the EVM’s gasprice() function.

Why the Difference Matters

Here are some key reasons why understanding the difference between these two variables is essential:

  • Cache performance: By storing gas price estimates in a single variable, you can optimize cache hits and reduce memory allocation times. In contrast, if you store the result of gasprice() directly within an inline assembly block, you need to allocate memory for it every time.

  • Gas calculation efficiency: Calculating gas prices from scratch every time requires significant performance overhead due to the EVM’s architecture. By caching these estimates, you can improve your contract’s execution speed and reduce latency.

Example Code

Below is an example of how you might use both variables in a contract:

pragma solidity ^0.8.0;

contract GasPriceExample {

// Cache gas price estimates for efficient performance

uint256 private _gasPrices = 0;

assembly {

// Calculate estimated gas prices for cached values

call @borderGasprice()[] memory txGases {

// Example: Calculate estimated gas prices using inline assembly

let gasPrice := gasprice()

// Store the result in a local variable for efficient caching

_gasPrices := gasPrices + (gasPrice - 1)

}

}

function borderGasprice() public pure returns (uint256) {

// Example: Simulate a cache miss by calculating gas prices from scratch

uint256 gasPrice = 10; // Estimated gas price

assembly {

// Calculate estimated gas price using the EVM's gas price estimation algorithm

gasPrice := gas(1, gasPrice)

}

return gasPrice;

}

function calculateGasPrice(uint256 txGases) public pure returns (uint256) {

// Example: Use inline assembly to cache and reuse previous estimates

uint256 cachedGasPrice = _gasPrices; // Use cached value if available

assembly {

// Calculate estimated gas price using the cached value or direct calculation

let gasPrice := gas(txGases, 1)

// Assign the calculated gas price to a local variable for efficient caching

cachedGasPrice := (cachedGasPrice - 1) + gasPrice

}

return cachedGasPrice;

}

}

In this example, we demonstrate how both variables can be used efficiently in an Ethereum contract.

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