Demand for blockchains such as Bitcoin and Ethereum is far larger than supply,
necessitating a mechanism that selects a subset of transactions to include “on-chain” from …

Users bid in a transaction fee mechanism (TFM) to get their transactions included and
confirmed by a blockchain protocol. Roughgarden (EC'21) initiated the formal treatment of …

The “gas fee” paid for inclusion in the blockchain is analyzed in two parts. First, we consider
how “effort” in terms of resources required to process and store a transaction turns into a …

Traditional blockchain systems, such as Ethereum, typically rely on a\emph {single volatile
cryptocurrency for transaction fees}. This leads to fluctuating transaction fee prices and limits …

This paper studies transaction execution mechanisms (TEMs) for blockchains as the efficient
resource allocation across multiple parallel execution queues or" local fee markets." We …

This paper investigates how relative pricing schemes can achieve efficient allocations in
blockchain systems featuring multiple transaction queues under a global capacity constraint …