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The gas fee, paid for inclusion in the blockchain, is analyzed in two parts. First, we consider how effort in terms of resources required to process and store a transaction turns into a gas limit, which, through a fee, comprised of the base…

Portfolio Management · Quantitative Finance 2024-11-07 Bernhard K Meister , Henry CW Price

The Ethereum blockchain has a \emph{gas system} that associates operations with a cost in gas units. Two central concepts of this system are the \emph{gas limit} assigned by the issuer of a transaction and the \emph{gas used} by a…

Software Engineering · Computer Science 2025-06-19 Danilo Rafael de Lima Cabral , Pedro Antonino , Augusto Sampaio

As the number of decentralized applications and users on Ethereum grows, the ability of the blockchain to efficiently handle a growing number of transactions becomes increasingly strained. Ethereums current execution model relies heavily on…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-04-03 Souradeep Das , Konpat Preechakul , Jonas Bäumer , Riddhi Patel , Jefferson Jinchuan Li

Today's blockchains suffer from low throughput and high latency, which impedes their widespread adoption of more complex applications like smart contracts. In this paper, we propose a novel paradigm for smart contract execution. It…

Cryptography and Security · Computer Science 2023-06-09 Jian Liu , Peilun Li , Raymond~Cheng , N. Asokan , Dawn Song

Ethereum is a distributed blockchain that can execute smart contracts, which inter-communicate and perform transactions automatically. The execution of smart contracts is paid in the form of gas, which is a monetary unit used in the…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-10-25 Kirk Baird , Seongho Jeong , Yeonsoo Kim , Bernd Burgstaller , Bernhard Scholz

Blockchain technology has been envisaged to commence an era of decentralised applications and services (DApps) without the need for a trusted intermediary. Such DApps open a marketplace in which services are delivered to end-users by…

Cryptography and Security · Computer Science 2021-01-27 Nguyen Truong , Gyu Myoung Lee , Kai Sun , Florian Guitton , Yike Guo

Public blockchains have spurred the growing popularity of decentralized transactions and smart contracts, but they exhibit limitations on the transaction throughput, storage, and computation. To avoid transaction gridlock, public…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-07-13 Nikolay Ivanov , Qiben Yan , Qingyang Wang

Smart contracts are programs running on blockchain to execute transactions. When input constraints or security properties are violated at runtime, the transaction being executed by a smart contract needs to be reverted to avoid undesirable…

Cryptography and Security · Computer Science 2021-09-02 Lu Liu , Lili Wei , Wuqi Zhang , Ming Wen , Yepang Liu , Shing-Chi Cheung

Quorum is a permissioned blockchain platform built from the Ethereum codebase with adaptations to make it a permissioned consortium platform. It is one of the key contenders in the permissioned ledger space. Quorum supports confidentiality…

Cryptography and Security · Computer Science 2018-09-11 Arati Baliga , I Subhod , Pandurang Kamat , Siddhartha Chatterjee

Decentralized Autonomous Organization (DAO) becomes a popular governance solution for decentralized applications (dApps) to achieve decentralized governance. In the DAO, no single entity can arbitrarily control the dApps without approval…

Software Engineering · Computer Science 2025-10-21 Junjie Ma , Muhui Jiang , Jinan Jiang , Xiapu Luo , Yufeng Hu , Yajin Zhou , Qi Wang , Fengwei Zhang

The Ethereum blockchain network enables transaction processing and smart-contract execution through levies of transaction fees, commonly known as gas fees. This framework mediates economic participation via a market-based mechanism for gas…

General Finance · Quantitative Finance 2025-01-10 Lennart Ante , Aman Saggu

To empower smart contracts with the promising capabilities of cryptography, Ethereum officially introduced a set of cryptographic APIs that facilitate basic cryptographic operations within smart contracts, such as elliptic curve operations.…

Software Engineering · Computer Science 2023-12-18 Jiashuo Zhang , Jiachi Chen , Zhiyuan Wan , Ting Chen , Jianbo Gao , Zhong Chen

Smart contracts are programs that are executed on the blockchain and can hold, manage and transfer assets in the form of cryptocurrencies. The contract's execution is then performed on-chain and is subject to consensus, i.e. every node on…

Cryptography and Security · Computer Science 2023-09-21 Soroush Farokhnia

A transaction fee mechanism (TFM) is an essential component of a blockchain protocol. However, a systematic evaluation of the real-world impact of TFMs is still absent. Using rich data from the Ethereum blockchain, the mempool, and…

General Economics · Economics 2025-08-11 Yulin Liu , Yuxuan Lu , Kartik Nayak , Fan Zhang , Luyao Zhang , Yinhong Zhao

A variety of mobile devices and applications have spread the usability of blockchain solutions to over 5.27 billion unique mobile phone users. The rising of Bitcoin price up to USD 50,000 in March 2021 has made many blockchain mobile…

Cryptography and Security · Computer Science 2021-08-10 Mohd Anuar Mat Isa , Muzaffar Hamzah , Daimler Benz Alebaba

This paper presents MindTheDApp, a toolchain designed specifically for the structural analysis of Ethereum-based Decentralized Applications (DApps), with a distinct focus on a complex network-driven approach. Unlike existing tools, our…

Information Theory · Computer Science 2023-10-05 Giacomo Ibba , Sabrina Aufiero , Silvia Bartolucci , Rumyana Neykova , Marco Ortu , Roberto Tonelli , Giuseppe Destefanis

Banking as an essential service can be hard to access in remote, rural regions where the network connectivity is intermittent. Although micro-banking has been made possible by SMS or USSD messages in some places, their security flaws and…

Decentralized applications (DApps) have gained prominence with the advent of blockchain technology, particularly Ethereum, providing trust, transparency, and traceability. However, challenges such as rising transaction costs and block…

Software Engineering · Computer Science 2024-06-19 Do Hai Son , Nguyen Danh Hao , Tran Thi Thuy Quynh , Le Quang Minh

Blockchain platforms such as Ethereum and several others execute complex transactions in blocks through user-defined scripts known as smart contracts. To append a correct block into blockchain, miners execute these transactions of smart…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-01-15 Parwat Singh Anjana , Sweta Kumari , Sathya Peri , Sachin Rathor , Archit Somani

Many blockchains such as Ethereum execute all incoming transactions sequentially significantly limiting the potential throughput. A common approach to scale execution is parallel execution engines that fully utilize modern multi-core…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-02-17 Ray Neiheiser , Eleftherios Kokoris-Kogias