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 . Actions and their estimated associated are listed below. They are organized according to the three main domains of Switchboard: , and .
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 , , and . These credentials are persisted on the Energy Web Chain (read more about on-chain credentials ). As such, they require transaction costs to cover their on-chain lifecycle events.
Action
Cost in EWT
Action
Cost in EWT
Switchboard is used to create and manage organizations, applications, and roles associated with them. These elements are persisted in . ٍ 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
Applications
Action
Cost in EWT
Switchboard is used to , and Assets. Each Asset is registered in a smart contract on the Energy Web Chain (read more about Assets as ownable smart contracts .) Each time a user interacts with these contracts for Asset management, they must pay a small transaction cost:
