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Beyond Incentive Compatibility: Rational Harm-Proof Transaction Fee Mechanisms

Zhang, Forest et al.
arXiv (All) · Papers
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computer-science-and-game-theorycryptography-and-security
Transaction fee mechanisms (TFMs) allocate scarce block space in blockchains. Prior work focuses on incentive compatibility (IC): honest behavior maximizes the payoff of each strategic player. We introduce rational-harm proofness (RHP), which rules out deviations that harm honest participants withou
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