2 papers
cs.GT2021
Transaction Fees on a Honeymoon: Ethereum's EIP-1559 One Month Later
Daniël Reijsbergen, Shyam Sridhar, Barnabé Monnot +3
Ethereum Improvement Proposal (EIP) 1559 was recently implemented to transform Ethereum's transaction fee market. EIP-1559 utilizes an algorithmic update rule with a constant learn…
cs.GT2021
From Griefing to Stability in Blockchain Mining Economies
Yun Kuen Cheung, Stefanos Leonardos, Georgios Piliouras +1
We study a game-theoretic model of blockchain mining economies and show that griefing, a practice according to which participants harm other participants at some lesser cost to the…