Transaction fee mechanism design
نویسندگان
چکیده
Demand for blockchains such as Bitcoin and Ethereum is far larger than supply, necessitating a mechanism that selects subset of transactions to include "on-chain" from the pool all pending transactions. EIP-1559 proposal make several tightly coupled changes blockchain's transaction fee mechanism, including introduction variable-size blocks burned base rises falls with demand. These are slated deployment in Ethereum's "London fork," scheduled late summer 2021, at which point it will be biggest economic change made major blockchain date. This short note provides an overview recent work by author formally investigates compares incentive guarantees offered current new proposed EIP-1559.
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ژورنال
عنوان ژورنال: SIGecom exchanges
سال: 2021
ISSN: ['1551-9031']
DOI: https://doi.org/10.1145/3476436.3476445