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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…

综合经济学 · 经济学 2025-08-11 Yulin Liu , Yuxuan Lu , Kartik Nayak , Fan Zhang , Luyao Zhang , Yinhong Zhao

In proof-of-work based blockchains such as Ethereum, verification of blocks is an integral part of establishing consensus across nodes. However, in Ethereum, miners do not receive a reward for verifying. This implies that miners face the…

密码学与安全 · 计算机科学 2020-04-28 Maher Alharby , Roben Castagna Lunardi , Amjad Aldweesh , Aad van Moorsel

The growing interest in Internet of Things (IoT) and Industrial IoT (IIoT) poses the challenge of finding robust solutions for the certification and notarization of data produced and collected by embedded devices. The blockchain and…

密码学与安全 · 计算机科学 2022-06-30 Giulia Rafaiani , Paolo Santini , Marco Baldi , Franco Chiaraluce

Blockchain systems come with the promise of being inclusive for a variety of decentralized applications (DApps) that can serve different purposes and have different urgency requirements. Despite this, the transaction fee mechanisms…

计算机科学与博弈论 · 计算机科学 2023-04-13 Aggelos Kiayias , Elias Koutsoupias , Philip Lazos , Giorgos Panagiotakos

Decentralized blockchain platforms have enabled the secure exchange of crypto-assets without the intermediation of trusted authorities. To this purpose, these platforms rely on a peer-to-peer network of byzantine nodes, which…

密码学与安全 · 计算机科学 2023-06-22 Massimo Bartoletti , Letterio Galletta , Maurizio Murgia

Blockchain, an emerging decentralized security system, has been applied in many applications, such as bitcoin, smart grid, and Internet-of-Things. However, running the mining process may cost too much energy consumption and computing…

计算机科学与博弈论 · 计算机科学 2017-11-21 Yutao Jiao , Ping Wang , Dusit Niyato , Zehui Xiong

The Ethereum blockchain network is a decentralized platform enabling smart contract execution and transactions of Ether (ETH) [1], its designated cryptocurrency. Ethereum is the second most popular cryptocurrency with a market cap of more…

社会与信息网络 · 计算机科学 2018-10-04 Morit Zwang , Shahar Somin , Alex 'Sandy' Pentland , Yaniv Altshuler

Scalability is a common issue among the most used permissionless blockchains, and several approaches have been proposed to solve this issue. Tackling scalability while preserving the security and decentralization of the network is a…

密码学与安全 · 计算机科学 2023-11-10 Mikel Cortes-Goicoechea , Tarun Mohandas-Daryanani , Jose L. Muñoz-Tapia , Leonardo Bautista-Gomez

Ethereum's ideals of decentralization and censorship resistance are undermined in practice, motivating ongoing efforts to reestablish these properties. Existing proposals for fairness mechanisms depend on the assumption that a sufficient…

分布式、并行与集群计算 · 计算机科学 2026-03-09 Patrick Spiesberger , Nils Henrik Beyer , Hannes Hartenstein

As 6G networks evolve, inter-provider agreements become crucial for dynamic resource sharing and network slicing across multiple domains, requiring on-demand capacity provisioning while enabling trustworthy interaction among diverse…

网络与互联网体系结构 · 计算机科学 2025-03-04 Farhana Javed , Josep Mangues-Bafalluy

Ethereum's current Gasper consensus mechanism, which combines the Latest Message Driven Greediest Heaviest Observed SubTree (LMD-GHOST) fork choice rule with the probabilistic Casper the Friendly Finality Gadget (FFG) finality overlay,…

分布式、并行与集群计算 · 计算机科学 2024-06-17 Lincoln Murr

In blockchains such as Bitcoin and Ethereum, users compete in a transaction fee auction to get their transactions confirmed in the next block. A line of recent works set forth the desiderata for a "dream" transaction fee mechanism (TFM),…

计算机科学与博弈论 · 计算机科学 2022-11-07 Hao Chung , Elaine Shi

The emergence of blockchain technology has revolutionized contract execution through the introduction of smart contracts. Ethereum, the leading blockchain platform, leverages smart contracts to power decentralized applications (DApps),…

密码学与安全 · 计算机科学 2025-10-23 Tahrim Hossain , Sakib Hassan , Faisal Haque Bappy , Muhammad Nur Yanhaona , Tarannum Shaila Zaman , Tariqul Islam

As an append-only distributed database, blockchain is utilized in a vast variety of applications including the cryptocurrency and Internet-of-Things (IoT). The existing blockchain solutions show downsides in communication and storage…

分布式、并行与集群计算 · 计算机科学 2021-09-02 Yahya Hassanzadeh-Nazarabadi , Alptekin Küpçü , Öznur Özkasap

In 2021 Ethereum adjusted the transaction pricing mechanism by implementing EIP-1559, which introduces the base fee - a network fee that is burned and dynamically adjusts to the network demand. The authors of the Ethereum Improvement…

计算机科学与博弈论 · 计算机科学 2023-08-09 Sarah Azouvi , Guy Goren , Lioba Heimbach , Alexander Hicks

We construct a privacy-preserving, distributed and decentralized marketplace where parties can exchange data for tokens. In this market, buyers and sellers make transactions in a blockchain and interact with a third party, called notary,…

密码学与安全 · 计算机科学 2020-02-25 Ariel Futoransky , Carlos Sarraute , Daniel Fernandez , Matias Travizano , Ariel Waissbein

The Ethereum blockchain is essentially a globally replicated public database. Programs called smart contracts can access this database. Over 10 million smart contracts have been deployed on the Ethereum blockchain. Executing a method of a…

软件工程 · 计算机科学 2019-07-23 Pieter Hartel , Mark van Staalduinen

Traditional blockchain design gives miners or validators full control over transaction ordering, i.e., they can freely choose which transactions to include or exclude, as well as in which order. While not an issue initially, the emergence…

分布式、并行与集群计算 · 计算机科学 2023-12-19 Andrei Constantinescu , Diana Ghinea , Lioba Heimbach , Zilin Wang , Roger Wattenhofer

Miners in a blockchain system are suffering from ever-increasing storage costs, which in general have not been properly compensated by the users' transaction fees. This reduces the incentives for the miners' participation and may jeopardize…

计算机科学与博弈论 · 计算机科学 2021-08-24 Yunshu Liu , Zhixuan Fang , Man Hon Cheung , Wei Cai , Jianwei Huang

This paper presents an optimal peer-to-peer (P2P) energy transaction mechanism leveraging decentralized blockchain technology to enable a secure and scalable retail electricity market for the increasing penetration of distributed energy…

系统与控制 · 电气工程与系统科学 2026-01-01 Antar Kumar Biswas , Masoud H. Nazari