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What Can Cryptography Do For Decentralized Mechanism Design?
Sept. 29, 2022, 5 p.m. |
IACR News www.iacr.org
ePrint Report: What Can Cryptography Do For Decentralized Mechanism Design?
Elaine Shi, Hao Chung, Ke Wu
Recent works of Roughgarden (EC'21) and Chung and Shi (Highlights Beyond EC'22) initiate the study of a new decentralized mechanism design problem called transaction fee mechanism design (TFM). Unlike the classical mechanism design literature, in the decentralized environment, even the auctioneer (i.e., the miner) can be a strategic player, and it can even collude with a subset of the users facilitated by binding side …
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