Blockspace allocation describes the process by which transaction data is organized and included within discrete blocks on a blockchain. It dictates how limited block capacity is utilized, balancing the inclusion of transactions with the network’s throughput capabilities. Efficient allocation is paramount for maintaining network speed and managing transaction fees.
Context
Debates surrounding blockspace allocation frequently involve the trade-offs between transaction volume and the computational resources required for block validation. Developments in layer-two scaling solutions and alternative consensus mechanisms are directly addressing these constraints, aiming to expand available blockspace and reduce network congestion.
The SAKA mechanism explicitly integrates MEV searchers into transaction fee design, circumventing impossibility results to ensure full incentive-compatibility.
This research reveals how transaction reverts on rollups are not errors but strategic MEV outcomes, driven by trade-splitting and duplication, demanding protocol reforms.
This research establishes Maximal Extractable Value as the primary economic constraint on blockchain scalability, advocating for new auction designs to efficiently allocate blockspace.
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