An on-chain resource refers to any data, asset, or computational capability that resides directly on a blockchain’s distributed ledger and is managed by its consensus rules. This includes cryptocurrencies, tokenized assets, smart contract code, and transaction histories, all verifiable and immutable. Access to and manipulation of these resources are governed by the specific protocol of the blockchain network. Their presence on-chain ensures transparency and resistance to unauthorized modification.
Context
The efficient management and utilization of on-chain resources are central to the functionality and scalability of decentralized applications and digital asset ecosystems. Debates often concern the costs associated with storing and processing data directly on a blockchain, leading to innovations in off-chain solutions and data compression. Future news will frequently highlight new protocols and technologies aimed at optimizing on-chain resource usage, balancing security with operational efficiency.
The research defines MMIC and OCA-proofness, new game-theoretic primitives that formally analyze and secure transaction fee mechanisms against collusion.
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