Things Hidden Since the Foundation of Blockspace — Alkimiya

In this article, we discuss the fundamental cause of the implicit cost of transactions in crypto, which is inherently rooted in the characteristics of the blockspace microstructure. We use observations from several case studies of discrete on-chain events, including notable NFT mints, stablecoin mel

Oct 19, 2022 Saneel Sreeni Leo Zhang “When the whole world is globalized, you're going to be able to set fire to the whole thing with a single match.” -Rene Girard Special thanks to Travis for the help on the data, and @AutomataEmily, @llllvvuu for the feedback on the draft. Introduction How much do you really pay for a transaction? The answer may not be as straightforward as it seems. Transaction costs in the traditional finance encompass explicit costs and implicit costs. Explicit costs are the direct costs of trading, such as transaction fees and taxes. Implicit costs are…

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