Understand Waiting Time in Transaction Fee Mechanism: An Interdisciplinary Perspective. (arXiv:2305.02552v1 [econ.GN])

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-designed Transaction Fee Mechanisms (TFMs) to allocate
limited storage and computation resources. However, existing research on TFMs
must consider the waiting time for transactions, which is essential for
computer security and economic efficiency. Integrating data from the Ethereum
blockchain and memory pool (mempool), we explore how two types of events affect
transaction latency. First, we apply regression …

blockchain blockchains computation contract cyberspace ethereum fee growth party peer-to-peer perspective rapid research resources smart smart contract storage third transaction transactions understand