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Transaction fee economics in the Ethereum blockchain.

We study the economic determinants of transaction fees in the Ethereum blockchain. We estimate an empirical model based on queueing theory and analyze the factors determining the "gas price" (transaction cost per unit of service, "gas"). Using block‐ and transaction‐level data from the Ethereum bloc...

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Published in:Economic Inquiry Vol. 60; no. 1; pp. 265 - 293
Main Authors: Donmez, Anil, Karaivanov, Alexander
Format: Article
Published: Wiley-Blackwell Jan2022
Subjects:
Blockchains
Queuing theory
Gas prices
Transaction costs
Administrative fees
Online Access:View this record in EBSCOhost

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