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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…

计算机科学与博弈论 · 计算机科学 2020-12-03 Tim Roughgarden

Blockchain has become one of the most attractive technologies for applications, with a large range of deployments such as production, economy, or banking. Under the hood, Blockchain technology is a type of distributed database that supports…

性能 · 计算机科学 2019-03-22 Thanh Son Lam Nguyen , Guillaume Jourjon , Maria Potop-Butucaru , Kim Thai

As transaction fees skyrocket today, blockchains become increasingly expensive, hurting their adoption in broader applications. This work tackles the saving of transaction fees for economic blockchain applications. The key insight is that…

密码学与安全 · 计算机科学 2022-10-11 Yibo Wang , Yuzhe Tang

Blockchain systems often employ proof-of-work consensus protocols to validate and add transactions into hashchains. These protocols stimulate competition among miners in solving cryptopuzzles (e.g. SHA-256 hash computation in Bitcoin) in…

计算机科学与博弈论 · 计算机科学 2020-05-13 Venkata Sriram Siddhardh Nadendla , Lav R. Varshney

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…

综合金融 · 定量金融 2025-01-10 Lennart Ante , Aman Saggu

Cryptocurrencies employ auction-esque transaction fee mechanisms (TFMs) to allocate transactions to blocks, and to determine how much fees miners can collect from transactions. Several impossibility results show that TFMs that satisfy a…

计算机科学与博弈论 · 计算机科学 2024-05-24 Yotam Gafni , Aviv Yaish

Bitcoin mining presents a significant economic incentive for efficient hashing and broadcast of data, both parameters stemming from the Proofs of Work used to advance the network. This incentive has led to the development of Bitcoin…

密码学与安全 · 计算机科学 2016-03-17 Jonathan Harvey-Buschel , Can Kisagun

Bitcoin-NG is among the first blockchain protocols to approach the \emph{near-optimal} throughput by decoupling blockchain operation into two planes: leader election and transaction serialization. Its decoupling idea has inspired a new…

密码学与安全 · 计算机科学 2020-10-06 Jianyu Niu , Ziyu Wang , Fangyu Gai , Chen Feng

The cross-blockchain transaction remains one of the most challenging problems in blockchains. The root cause of the challenge lies in the nondeterministic nature of blockchains: A $n$-party transaction across multiple blockchains might be…

密码学与安全 · 计算机科学 2020-04-17 Dongfang Zhao

We present a static framework for analysing quantum routing protocols that we call the \textit{cost-vector formalism}. Here, quantum networks are recast as multi-graphs where edges represent two-qubit entanglement resources that…

量子物理 · 物理学 2025-11-04 Hudson Leone , Nathaniel R. Miller , Deepesh Singh , Nathan K. Langford , Peter P. Rohde

Despite broad use of BFT consensus in blockchains, censorship resistance is weak: leaders can exclude transactions, a growing concern for trading and DeFi. We address this by introducing a new abstraction and protocol stack. First, we…

分布式、并行与集群计算 · 计算机科学 2026-02-04 Zhuolun Xiang , Andrei Tonkikh , Alexander Spiegelman

A key challenge for Bitcoin cryptocurrency holders, such as startups using ICOs to raise funding, is managing their FX risk. Specifically, a misinformed decision to convert Bitcoin to fiat currency could, by itself, cost USD millions. In…

风险管理 · 定量金融 2018-05-15 Cuneyt Akcora , Matthew Dixon , Yulia Gel , Murat Kantarcioglu

The problem of anomaly detection has been studied for a long time, and many Network Analysis techniques have been proposed as solutions. Although some results appear to be quite promising, no method is clearly to be superior to the rest. In…

社会与信息网络 · 计算机科学 2017-02-28 Thai Pham , Steven Lee

With emergence of blockchain technologies and the associated cryptocurrencies, such as Bitcoin, understanding network dynamics behind Blockchain graphs has become a rapidly evolving research direction. Unlike other financial networks, such…

Bitcoin represents one of the most interesting technological breakthroughs and socio-economic experiments of the last decades. In this paper, we examine the role of speculative bubbles in the process of Bitcoin's technological adoption by…

计算机与社会 · 计算机科学 2020-05-15 Tobias A. Huber , Didier Sornette

This work is organized as follows. In the first section we review the prior work and we have obtained our data. Next, we will look at address reuse in the Bitcoin network. We show that a great portion of users reuse their addresses which…

社会与信息网络 · 计算机科学 2018-04-24 Mohammad Sadegh Ebrahimi , Afshin Babveyh

The dramatic adoption of Bitcoin and other cryptocurrencies in the USA has revolutionized the financial landscape and provided unprecedented investment and transaction efficiency opportunities. The prime objective of this research project…

In this study, we propose PRETRUST, a new framework to address the problem of the efficiency of payment process based on blockchain systems. PRETRUST is based on the thoughts of consortium chains, supporting fast payments. To make parties…

密码学与安全 · 计算机科学 2022-11-15 Huapeng Li , Baocheng Wang

We study the economics of transaction reverts on Ethereum rollups and show that they are not accidental failures but equilibrium outcomes of MEV strategies. Using execution traces from major L2s, we find that over 80% of reverted…

密码学与安全 · 计算机科学 2025-09-23 Krzysztof Gogol , Manvir Schneider , Claudio Tessone

This work aims to analyse the predictability of price movements of cryptocurrencies on both hourly and daily data observed from January 2017 to January 2021, using deep learning algorithms. For our experiments, we used three sets of…

统计金融 · 定量金融 2021-02-18 Marco Ortu , Nicola Uras , Claudio Conversano , Giuseppe Destefanis , Silvia Bartolucci