Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies cover image

Tarun Chitra: Gauntlet – The Simulation Platform for Blockchain Protocols

Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

00:00

Is Transaction Fees a Part of Mechanism Design?

A lot of the math that has been invented for traditional mechanism design doesn't include transaction fees in the way that blockchains use transaction fees. In crypto, I have to actually pay per message that I send. And so that actually changes the dynamics of a lot of the, a much of the math and game theory that works for ad auctions is completely invalid for blocks. It's like a new research space, essentially, is what you're saying.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app