How Bidding Rule Metadata Could Reinvent Blockchain Incentives
The article introduces a relaxed version of the inclusion rule in transaction fee mechanisms (TFMs), allowing metadata to be added to bids for enhanced blockchain functionality. Through Theorem 8.2 and supporting lemmas, it proves that any non-truthful, yet incentive-compatible TFM can be transformed into a truthful one without altering the distribution of outcomes. This reinforces the revelation principle even under complex blockchain constraints like UIC, MIC, and c-SCP.
https://hackernoon.com/how-bidding-rule-...source=rss
The article introduces a relaxed version of the inclusion rule in transaction fee mechanisms (TFMs), allowing metadata to be added to bids for enhanced blockchain functionality. Through Theorem 8.2 and supporting lemmas, it proves that any non-truthful, yet incentive-compatible TFM can be transformed into a truthful one without altering the distribution of outcomes. This reinforces the revelation principle even under complex blockchain constraints like UIC, MIC, and c-SCP.
https://hackernoon.com/how-bidding-rule-...source=rss
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