The Algorithmic Evolution of Blockchain Fee Design

This section examines the gap in current blockchain Transaction Fee Mechanism (TFM) research, noting that most models assume myopic miners and ignore time-sensitive transactions. By introducing the concept of transaction expiry and connecting it to auction theory, packet scheduling, and real-world analogies like ride-sharing, the work expands on existing algorithms (e.g., RMIX, MG) to show how incorporating urgency and discount factors could lead to more efficient and fair blockchain fee systems.