Transaction Fee Mechanism Design for the Ethereum Blockchain: An Economic Analysis of EIP-1559

• Tác giả: Tim Roughgarden
• Ngôn ngữ: eng
• Ký hiệu phân loại: 026.33 Libraries, archives, information centers devoted to specific subjects and disciplines
• Thông tin xuất bản: 2020
• Bộ sưu tập: Metadata
• ID: 165709

Tóm tắt

EIP-1559 is a proposal to make several tightly coupled additions to Ethereum's transaction fee mechanism, including variable-size blocks and a burned base fee that rises and falls with demand. This report assesses the game-theoretic strengths and weaknesses of the proposal and explores some alternative designs.