estimatefee

How to use it

import { TatumSDK, BitcoinCash, Network } from '@tatumio/tatum';

// Initialize Tatum SDK for Bitcoin Cash
const tatum = await TatumSDK.init<BitcoinCash>({ network: Network.BITCOIN_CASH });

// Call the estimatefee method
const estimatedFee = await tatum.rpc.estimateFee();

console.log('Estimated fee:', estimatedFee.result);

// Destroy Tatum SDK - needed for stopping background jobs
await tatum.destroy();

Overview

The estimatefee method is used to estimate the transaction fee for a transaction. It calculates the fee based on the current network conditions.

Example use cases:

1. Transaction Fee Calculation:
   This method is commonly used by wallet applications to calculate the appropriate transaction fee for a transaction based on the desired confirmation time.

2. Custom Fee Estimation:
   Developers can use this method to implement custom fee estimation logic in their applications.

Request Parameters

The estimatefee method does not require any parameters.

Return Object

The estimatefee method returns an estimated transaction fee in currency unit. The fee is typically represented as a numeric value.