2020/12/01 by Tim Roughgarden, Roughgarden, Tim · 4 citations
Computer Science · Decision Sciences · Business, Management and Accounting · #Blockchain Technology Applications and Security #Auction Theory and Applications #Digital Platforms and Economics
paper · pdf · doi:10.48550/arxiv.2012.00854
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.