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Switchboard Transaction Cost Estimates

When using Switchboard, users can create and update data that is stored in smart contracts on the Energy Web Chain. These actions require users to pay a small transaction cost. Users pay transaction costs using their cryptocurrency wallet such as MetaMask. Transaction costs on the Energy Web Chain are in Energy Web Token. Transaction costs on the Volta Test Network on are in Volta Tokens.
Read more about transactions and transaction costs in the Energy Web Tech Stack here.
The transaction cost amount depends on what action the user is performing, and the current gas cost. Actions and their estimated associated total transaction cost are listed below. They are organized according to the three main domains of Switchboard: Enrolments, Governance and Assets.

Calculating Transaction Costs

The total costs calculated below is the sum of the cost to process the metadata and the current gas cost. The costs below are approximate values per operation. The total cost can change:
  • Based on the user input data (e.g. number of input fields)
  • Based on congestion (i.e. how many transaction requests are currently in the pool to be processed), which affects gas price
Switchboard is used to request, issue, publish and revoke role-based credentials. These credentials are persisted on the Energy Web Chain (read more about on-chain credentials here). As such, they require transaction costs to cover their on-chain lifecycle events.
Action
Cost in EWT
Publish role to DID Document​
0.00031849
Action
Cost in EWT
Revoke on-chain role
0.00016711
Switchboard is used to create and manage organizations, applications, and roles associated with them. These elements are persisted in Energy Web's Ethereum Name Service smart contract. ٍ Each time a user creates or updates one of these entities, they must pay a small transaction cost
Read our documentation on SSI Credential Governance using ENS Domains here.

Organizations

Action
Cost in EWT
Create Organization
0.00077047
Create Sub-Organization
0.00077047
Create an organization-level role
0.00085867
Transfer organization ownership
0.00013159
Edit organization details
0.0001474
Delete organization
Not Available

Applications

Action
Cost in EWT
Create application
0.00064152
Create an application-level role
0.00085867
Edit application-level role details
0.00032897
Edit application details
0.0001474
Delete application
0.00010978
Edit application role details
0.00032897

​Assets​

Switchboard is used to create (register), manage and transfer Assets. Each Asset is registered in a smart contract on the Energy Web Chain (read more about Assets as ownable smart contracts here.) Each time a user interacts with these contracts for Asset management, they must pay a small transaction cost:
Action
Cost in EWT
0.0002375
​Transfer ownership (offer) of Asset
0.0000956
​Publish Asset role to DID Document
0.00010972
Accept/decline Asset offering
0.00007288

Related Content

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Using Switchboard
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IAM Patterns
Last modified 8mo ago