We develop a model of coordination and allocation of decentralized multi-sided markets, in which our theoretical analysis is promisingly optimizing the decentralized transaction packaging process at high-throughput blockchains or Web 3.0 platforms. In contrast to the stylized centralized platform, the decentralized platform is powered by blockchain technology, which allows for secure and transparent Peer-to-Peer transactions among users. Traditional single-chain-based blockchains suffer from the well-known blockchain trilemma. Beyond the single-chain-based scheme, decentralized high-throughput blockchains adopt parallel protocols to reconcile the blockchain trilemma, implementing any tasking and desired allocation. However, unneglectable network latency may induce partial observability, resulting in incoordination and misallocation issues for the decentralized transaction packaging process at the current high-throughput blockchain protocols. To address this problem, we consider a strategic coordination mechanism for the decentralized transaction packaging process by using a game-theoretic approach. Under a tractable two-period model, we find a Bayesian Nash equilibrium of the miner's strategic transaction packaging under partial observability. Along with novel algorithms for computing equilibrium payoffs, we show that the decentralized platform can achieve an efficient and stable market outcome. The model also highlights that the proposed mechanism can endogenously offer a base fee per gas without any restructuration of the initial blockchain transaction fee mechanism. The theoretical results that underlie the algorithms also imply bounds on the computational complexity of equilibrium payoffs.
翻译:我们开发了分散的多面市场的协调和分配模式,在这种模式中,我们的理论分析充满希望地优化了高通量区块或网络3.0平台的分散交易包装流程。与结构化中央平台相反,分散的平台由链式系统驱动,使用户之间能够进行安全和透明的同侪交易。传统的单链制块链受到众所周知的三连链的困扰。除了单一链式计划外,分散的高通量区块链采用平行协议,以调和三连链、执行任何任务和预期的分配。然而,不区分的网络内嵌可能会引起部分易腐蚀性,导致当前高通量区块协议中分散交易包装流程的不协调和分配问题。为解决这一问题,我们考虑采用游戏-理论方法为分散的交易包装程序建立一个战略协调机制。在可移动的两期模式下,我们发现矿轮中链式战略交易组合的平衡,执行任何任务和理想的分配。然而,不可区分的网络内嵌入式网络内嵌套,可能会导致部分易腐蚀性,导致目前高通量链式交易程序的协调和分配问题。为了稳定地计算结果,我们可以实现成本交易的升级的系统。我们所提议的平价计算,可以实现一个新的平价的平价。