In short, the GeometricGasPrice JS class takes an initial price, bumps the price every_secs, by some coefficient (defaults to 12.5%, OpenEthereum's minimum for txn replacement) and continues until a max_price is reached (if defined). Gas price is in wei.
GeometricGasPrice exposes a get_gas_price(time_elapsed) function, which takes in the seconds elapsed since the original transaction and returns the appropriate gas price.
Implemented pymaker's GeometricGasPrice strategy in Javascript.
In short, the
GeometricGasPriceJS class takes aninitial price, bumps the priceevery_secs, by somecoefficient(defaults to 12.5%, OpenEthereum's minimum for txn replacement) and continues until amax_priceis reached (if defined). Gas price is inwei.GeometricGasPriceexposes aget_gas_price(time_elapsed)function, which takes in the seconds elapsed since the original transaction and returns the appropriate gas price.