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5 hours ago
How Auction Theory Shapes Smarter Blockchain Transaction Fee Models
This paper examines how auction theory and randomized scheduling algorithms can improve transaction fee mechanisms (TFMs) in blockchain systems. It highlights a critical gap in current research: most models assume myopic miners and overlook transactions with finite lifetimes. By incorporating deadline-aware and non-myopic perspectives, the study draws parallels with fields like job scheduling and packet management, proposing a more robust, time-sensitive framework for blockchain resource allocation.
Source: HackerNoon →