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22min chapter
Fee Markets: How Blockchains Price Scarce Resources | Pranav Garimidi & Sam Hart
Bell Curve
Multi Dimensional Fee Markets in Blockchain Technology
The chapter explores the concept of multi dimensional fee markets in blockchain technology, which involves unbundling different resources and charging more granularly for each resource. It discusses the creation of composite values and abstractions, the preference mechanism in resource allocation, and the challenges of efficiently allocating and pricing resources. The potential of combining local and multi-dimensional fee markets in the context of Solana is also discussed.
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