flâneur

eip1559.pdf

timroughgarden.org · 9,214 words · saved by 1 readers

N/A

Transaction Fee Mechanism Design for the Ethereum Blockchain: An Economic Analysis of EIP-1559∗ Tim Roughgarden† December 1, 2020 Abstract 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…

related reading