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Bayesian Mechanism Design Yields Truthful, Collusion-Proof Blockchain Transaction Fees

This research introduces an auxiliary mechanism method to design transaction fee mechanisms that overcome existing impossibility results, enabling positive miner revenue while preserving truthfulness and collusion-proof properties in blockchain systems.
September 18, 20251 min

Tags:

Auction Theory Revenue Miner Revenue Incentive Compatibility Transaction Decentralized Systems

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Tags:

Auction TheoryBayesian GamesBlockchainBlockchain EconomicsCollusion ResistanceDecentralized SystemsFeesIncentive CompatibilityMechanismMechanism DesignMiner RevenueMultinomial LogitPrevent CollusionRevenueTransactionTransaction Fee MechanismTransaction Fee MechanismsTransaction FeesUsers

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