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5min chapter
Fee Markets: How Blockchains Price Scarce Resources | Pranav Garimidi & Sam Hart
Bell Curve
Game theory component and base fee mechanism in Ethereum
This chapter explores the game theory component of the block mechanism in Ethereum, discussing topics such as paying the next minor validator, the burn from the base fee, and the primary market on-chain. It also highlights the importance of three components working together to ensure equilibrium behavior and prevent adversarial behavior.
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Discover
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