Watch / A Mechanism for Pricing Non-fungible Resources: Toward Multi-dimensional Fee Markets

A Mechanism for Pricing Non-fungible Resources: Toward Multi-dimensional Fee Markets

  • YouTube
  • Swarm
  • Details

A Mechanism for Pricing Non-fungible Resources: Toward Multi-dimensional Fee Markets

Duration: 00:28:17

Speaker: Theo Diamandis

Type: Talk

Expertise: Advanced

Event: Devcon 6

Date: Oct 2022

We propose a new mechanism for multi-dimensional resource pricing in blockchains. Currently, many blockchain systems operate with either fixed transaction fees or fixed relative prices of different resources (e.g., compute, memory, storage). Our proposed mechanism prices resources independently and automatically in a way that maximizes some utility set by the protocol designer.
About the speakers

TD

Theo Diamandis

Researcher at Bain Capital Crypto & MIT PhD student

  • Related