Ethereum: Gas estimation error when trying to send ERC 20 to multiple addresses

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Gas Estimation Error When Programmatically Sending ERC 20 Tokens with Disperse

Ethereum smart contracts have become an essential part of any blockchain development project. However, a common issue that can arise when implementing and running smart contract programs is gas estimation error, which can result from sending large amounts of data to the Ethereum network.

In this article, we will discuss how to estimate the gas cost of implementing a smart contract using Disperse, a popular decentralized application (dApp) platform for Ethereum-based applications. Specifically, we will focus on a common scenario where multiple ERC 20 tokens are sent to different wallets programmatically.

Gas Estimation Error

When sending data to the Ethereum network, such as sending ERC 20 tokens from one wallet to multiple other wallets, the gas estimation error can occur for several reasons:

  • Token Quantity

    Ethereum: Gas estimation error when trying to send ERC 20 to multiple addresses

    : The number of tokens sent and received exceeds the available storage space in each recipient’s wallet.

  • Gas Prices: Gas prices are higher than the current market rate, causing the transaction to consume more gas than necessary.

Disperse Solution: Estimated Gas Cost

To estimate the gas cost of implementing a smart contract using Disperse, we can use their “gasEstimator” function, which provides an estimated gas cost for implementing and calling a given function. In our case, we will use it to estimate the gas cost of sending ERC 20 tokens from one wallet to multiple other wallets.

Code snippet

Here is an example code snippet that demonstrates how to use Disperse’s “gasEstimator” function:

solidity

solidity pragma ^0.8.0;

contract MySmartContract {

// Function to send ERC 20 tokens to multiple wallets

function transferTokensToMulti(address[] memory recipients) public {

GasEstimator(

"transferTokensToMulti",

"MySmartContract",

"myToken",

(address(_recipient), uint256(_amount)) => _recipient,

_gas, // Gas estimate requested for function

_maxGas // Maximum allowed gas cost per transaction

).result(

"transferred",

true, // success flag

"_success", // result message

_gasCost // estimated gas cost in wei

);

// Transfer tokens to each recipient

for (uint256 i = 0; i < recipients.length; i++) {

transferTokens(_tokenAddress, recipients[i], _amount);

}

}

// Function to send ERC 20 tokens from one wallet to multiple other wallets

function transferTokens(source address, destination address, uint256 amount) internal {

// Calculate the gas cost for the transfer operation

uint256 gasCost = calculateGasCost(source, destination, amount);

// Transfer tokens using Disperse'stransferfunction

Result TransferResult = disperseTransfer(source, destination, amount);

require(result.status == 0x00, "Transfer failed");

}

// Function to estimate the gas cost of implementing a smart contract using Disperse

function calculateGasCost(sourceaddress, destinationaddress, amount uint256) internal returns (uint256) {

// Call thegasEstimator` function from Disperse

return gasEstimator(

“transferTokensToMulti”,

“MySmartContract”,

“myToken”,

(address(_recipient), uint256(_amount)) => _recipient,

0, // Gas estimate required for implementing the smart contract

2000000 // Maximum allowed gas cost per function call

).

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