all InfoSec news
Designing Redistribution Mechanisms for Reducing Transaction Fees in Blockchains. (arXiv:2401.13262v1 [cs.GT])
cs.CR updates on arXiv.org arxiv.org
Blockchains deploy Transaction Fee Mechanisms (TFMs) to determine which user
transactions to include in blocks and determine their payments (i.e.,
transaction fees). Increasing demand and scarce block resources have led to
high user transaction fees. As these blockchains are a public resource, it may
be preferable to reduce these transaction fees. To this end, we introduce
Transaction Fee Redistribution Mechanisms (TFRMs) -- redistributing VCG
payments collected from such TFM as rebates to minimize transaction fees.
Classic redistribution mechanisms (RMs) achieve …
arxiv block blockchains demand deploy fee fees high led may payments public resource resources transaction transactions