In recent years, blockchain has gained widespread attention as an emerging technology for
decentralization, transparency, and immutability in advancing online activities over public …

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 …

A transaction fee mechanism (TFM) is an essential component of a blockchain protocol.
However, a systematic evaluation of the real-world impact of TFMs is still absent. Using rich …

Recent years have witnessed remarkable developments and increasingly deepened
integrations between blockchain as a decentralized computing architecture and auction as …

In blockchains such as Bitcoin and Ethereum, users compete in a transaction fee auction to
get their transactions confirmed in the next block. A line of recent works set forth the …

Trading on decentralized exchanges has been one of the primary use cases for
permissionless blockchains with daily trading volume exceeding billions of US ‍dollars. In the …

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 …

Ethereum Improvement Proposal (EIP) 1559 was recently implemented to transform
Ethereum's transaction fee market. EIP–1559 utilizes an algorithmic update rule with a …

The incentive-compatibility properties of blockchain transaction fee mechanisms have been
investigated with passive block producers that are motivated purely by the net rewards …

To allocate transactions to blocks, cryptocurrencies use an auction-like transaction fee
mechanism (TFM). A conjecture of Roughgarden (2021) asks whether there is a TFM that is …