Gas fees on the Ethereum blockchain: from foundations to derivative valuations
The “gas fee” paid for inclusion in the blockchain is analyzed in two parts. First, we consider how “effort” in terms of resources required to process and store a transaction turns into a “gas limit,” which, through a fee comprised of the “base” and “priority fee” in the current version of Ethereum,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2024-11-01
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| Series: | Frontiers in Blockchain |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fbloc.2024.1462666/full |