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MoneroResearch.info |
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Chepurnoy, A., Kharin, V., & Meshkov, D. 2019, A systematic approach to cryptocurrency fees. Paper presented at Financial Cryptography and Data Security. Added by: endor (2022-04-17 22:41) |
| Resource type: Proceedings Article ID no. (ISBN etc.): 978-3-662-58820-8 BibTeX citation key: Chepurnoy2019 View all bibliographic details  |
Categories: Not Monero-focused Creators: Bracciali, Chepurnoy, Clark, Eyal, Kharin, Meshkov, Pintore, Sala, Teague, Zohar Collection: Financial Cryptography and Data Security |
Views: 39/2540
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Attachments
A Systematic Approach to Cryptocurrency Fees.pdf  [15/841]
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URLs https://link.sprin ... 78-3-662-58820-8_2 |
| Abstract |
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This paper is devoted to the study of transaction fees in massively replicated open blockchain systems. In such systems, like Bitcoin, a snapshot of current state required for the validation of transactions is being held in the memory, which eventually becomes a scarce resource. Uncontrolled state growth can lead to security issues. We propose a modification of a transaction fee scheme based on how much additional space will be needed for the objects created as a result of transaction processing and for how long will they live in the state. We also work out the way to combine fees charged for different resources spent (bandwidth, random-access state memory, processor cycles) in a composite fee and demonstrate consistency of the approach by analyzing the statistics from Ethereum network. We show a possible implementation for state-related fee in a form of regular payments to miners.
Added by: endor |