Transaction fee economics in the Ethereum blockchain

  title={Transaction fee economics in the Ethereum blockchain},
  author={Anil Donmez and Alexander Karaivanov},
  journal={Economic Inquiry},

An Event Study of the Ethereum Transition to Proof-of-Stake

The impact on the network and competing platforms in a short event window around the Beacon chain merge is studied, finding that the transition to PoS has reduced energy consumption by 99.98% and stablecoin transfer volumes rise on all three networks.

Blok Zinciri Tabanlı Akademik Tavsiye Mektubu Sistemi Modeli

Tavsiye mektubu iş, staj ve eğitim başvurularında öğrenciler hakkında genel ve öznel bilgi sağlayan yaygın olarak kullanılan bir yöntemdir. Mevcut süreçlerde tavsiye mektuplarının fiziksel olarak

Ethereum Gas Price Prediction Using Facebook Prophet Model

The prediction of gas prices was conducted in this study using the Facebook prophet model in python programming language with the aim to narrow the gap between the current unexpected gas fee price and the ability of predicting the future gas fee.

Black-Box for Blockchain Parameters Adjustment

This paper introduces a function for blockchain performance evaluation as a black-box. The function runs the Solana blockchain test network with the only differences between the main network in a

Security Enhancement in Smart Logistics with Blockchain Technology: A Home Delivery Use Case

This paper proposes preventing nonrepudiation in home delivery through blockchain technology, and designs a data structure and smart contract for distributed application and proposes a security policy for the proposed framework.

Containerized immutable maritime data sharing utilizing Distributed Ledger Technologies

How tamperfree maritime data sharing can enable automated transactions between vessels and shore-based entities is explored and how the distributed ledger VeChain, as compared to Ethereum, have some distinct advantages that may be beneficial for continued automation and efficiency gains are explored.

A Secured Blockchain-based Information-Centric Network

This study describes and develops a voting system based on a blockchain consensus algorithm to avoid a single point of failure during the verification process and applies the system using an Ethereum smart contract to verify the effectiveness of the proposed system.

Stablecoins: Survivorship, Transactions Costs and Exchange Microstructure

Five of the ten largest stablecoins are backed by fiat assets. Four hold digital assets; all ten are collateralized. Seven of the ten are on the Ethereum network. Failure rates of stablecoin projects



Markov processes in blockchain systems

In this paper, we develop a more general framework of block-structured Markov processes in the queueing study of blockchain systems, which can provide analysis both for the stationary performance

Is Bitcoin Really Untethered?

This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. Using algorithms to analyze blockchain

Sex, Drugs, and Bitcoin: How Much Illegal Activity Is Financed Through Cryptocurrencies?

It is estimated that around $76 billion of illegal activity per year involves bitcoin (46% of bitcoin transactions), which is close to the scale of the US and European markets for illegal drugs.

Datestamping the Bitcoin and Ethereum Bubbles

We examine the existence and dates of pricing bubbles in Bitcoin and Ethereum, two popular cryptocurrencies using the (Phillips et al., 2011) methodology. In contrast to previous papers, we examine

A Proof for the Queuing Formula: L = λW

In a queuing process, let 1/λ be the mean time between the arrivals of two consecutive units, L be the mean number of units in the system, and W be the mean time spent by a unit in the system. It is

The economics of BitCoin price formation

ABSTRACT This is the first article that studies BitCoin price formation by considering both the traditional determinants of currency price, e.g., market forces of supply and demand, and digital

From Mining to Markets: The Evolution of Bitcoin Transaction Fees

Abstract We investigate the role that transaction fees play in the bitcoin blockchain's evolution from a mining-based structure to a market-based ecology. We develop a game-theoretic model to explain

Instrumental Variables Regression with Weak Instruments

This paper develops asymptotic distribution theory for instrumental variable regression when the partial correlation between the instruments and a single included endogenous variable is weak, here

Measuring Ethereum Network Peers

Ethereum, the second-largest cryptocurrency valued at a peak of $138 billion in 2018, is a decentralized, Turing-complete computing platform. Although the stability and security of Ethereum---and