Strategic Users in a Priority Queue with Bulk Service on Blockchains
Fuente:
arXiv
Salvato in:
| Autori principali: | , |
|---|---|
| Natura: | Preprint |
| Pubblicazione: |
2026
|
| Soggetti: | |
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1866913177623592960 |
|---|---|
| author | Seo, Donghwa Kim, Kyoung-Kuk |
| author_facet | Seo, Donghwa Kim, Kyoung-Kuk |
| contents | This paper analyzes transaction fees on blockchains by considering that they form a priority queue and users play a queueing game. Using an M/G^K/1 priority queue model, we provide new insights into the dynamics governing transaction fees and their impact on user behavior. We derive semi-closed form expressions for steady-state quantities and extend the relationship between user delay costs and transaction fees to general block generation times. We apply the model to the Bitcoin network and simulate user responses under various scenarios. Cross-chain analysis across Bitcoin, Dogecoin, and Litecoin reveals similarities in normalized cost structures. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2606_01274 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | Strategic Users in a Priority Queue with Bulk Service on Blockchains Seo, Donghwa Kim, Kyoung-Kuk Trading and Market Microstructure Cryptography and Security This paper analyzes transaction fees on blockchains by considering that they form a priority queue and users play a queueing game. Using an M/G^K/1 priority queue model, we provide new insights into the dynamics governing transaction fees and their impact on user behavior. We derive semi-closed form expressions for steady-state quantities and extend the relationship between user delay costs and transaction fees to general block generation times. We apply the model to the Bitcoin network and simulate user responses under various scenarios. Cross-chain analysis across Bitcoin, Dogecoin, and Litecoin reveals similarities in normalized cost structures. |
| title | Strategic Users in a Priority Queue with Bulk Service on Blockchains |
| topic | Trading and Market Microstructure Cryptography and Security |
| url | https://arxiv.org/abs/2606.01274 |