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 …

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 …

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 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 …

Blockchain enables peer-to-peer transactions in cyberspace without a trusted third party.
The rapid growth of Ethereum and smart contract blockchains generally calls for well …

The mechanism design theory can be applied not only in the economy but also in many
fields, such as politics and military affairs, which has important practical and strategic …

Transaction fee markets are essential components of blockchain economies, as they resolve
the inherent scarcity in the number of transactions that can be added to each block. In early …

Transaction fee mechanism design is a new decentralized mechanism design problem
where users bid for space on the blockchain. Several recent works showed that the …

Cryptocurrencies such as Bitcoin [66] and Ethereum [10] facilitate money transactions
between users by relying on a decentralized process in which miners collect such …