{"id":"https://openalex.org/W3135577759","doi":null,"title":"A Social Welfare Maximization Mechanism for Blockchain Storage.","display_name":"A Social Welfare Maximization Mechanism for Blockchain Storage.","publication_year":2021,"publication_date":"2021-03-10","ids":{"openalex":"https://openalex.org/W3135577759","mag":"3135577759"},"language":"en","primary_location":{"id":"mag:3135577759","doi":null,"is_oa":true,"landing_page_url":"https://arxiv.org/abs/2103.05866","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"arXiv (Cornell University)","raw_type":null},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://arxiv.org/abs/2103.05866","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5026897397","display_name":"Yunshu Liu","orcid":"https://orcid.org/0000-0002-1415-3601","observed_orcids":["https://orcid.org/0000-0002-1415-3601"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Yunshu Liu","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-1415-3601","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5010064740","display_name":"Zhixuan Fang","orcid":"https://orcid.org/0000-0001-7979-4269","observed_orcids":["https://orcid.org/0000-0001-7979-4269"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Zhixuan Fang","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-7979-4269","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5046928183","display_name":"Man Hon Cheung","orcid":"https://orcid.org/0000-0001-6971-0260","observed_orcids":["https://orcid.org/0000-0001-6971-0260"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Man Hon Cheung","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-6971-0260","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5053432286","display_name":"Wei Cai","orcid":"https://orcid.org/0000-0002-4658-0034","observed_orcids":["https://orcid.org/0000-0002-4658-0034"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Wei Cai","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-4658-0034","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5062346297","display_name":"Jianwei Huang","orcid":"https://orcid.org/0000-0001-6631-1096","observed_orcids":["https://orcid.org/0000-0001-6631-1096"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jianwei Huang","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-6631-1096","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13913","display_name":"Blockchain Technology in Education and Learning","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/transaction-fees","display_name":"transaction fees","score":0.7820000052452087},{"id":"https://openalex.org/keywords/social-welfare-maximization","display_name":"social welfare maximization","score":0.9549999833106995},{"id":"https://openalex.org/keywords/waiting-time-cost","display_name":"waiting time cost","score":0.7120000123977661},{"id":"https://openalex.org/keywords/nash-equilibrium","display_name":"Nash equilibrium","score":0.7369999885559082},{"id":"https://openalex.org/keywords/ethereum","display_name":"Ethereum","score":0.8429999947547913},{"id":"https://openalex.org/keywords/fairness","display_name":"fairness","score":0.3630000054836273}],"concepts":[{"id":"https://openalex.org/C2779687700","wikidata":"https://www.wikidata.org/wiki/Q20514253","display_name":"Blockchain","level":2,"score":0.653712809085846},{"id":"https://openalex.org/C75949130","wikidata":"https://www.wikidata.org/wiki/Q848010","display_name":"Database transaction","level":2,"score":0.6259194016456604},{"id":"https://openalex.org/C98965940","wikidata":"https://www.wikidata.org/wiki/Q877496","display_name":"Transaction cost","level":2,"score":0.5788457989692688},{"id":"https://openalex.org/C46814582","wikidata":"https://www.wikidata.org/wiki/Q23389","display_name":"Nash equilibrium","level":2,"score":0.519008994102478},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5033387541770935},{"id":"https://openalex.org/C199510392","wikidata":"https://www.wikidata.org/wiki/Q1184602","display_name":"Stackelberg competition","level":2,"score":0.49500030279159546},{"id":"https://openalex.org/C536738050","wikidata":"https://www.wikidata.org/wiki/Q3249071","display_name":"Social Welfare","level":2,"score":0.43184834718704224},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.42345988750457764},{"id":"https://openalex.org/C2780385302","wikidata":"https://www.wikidata.org/wiki/Q367158","display_name":"Protocol (science)","level":3,"score":0.415909081697464},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.41419917345046997},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.32741352915763855},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2847832143306732},{"id":"https://openalex.org/C77088390","wikidata":"https://www.wikidata.org/wiki/Q8513","display_name":"Database","level":1,"score":0.12491655349731445},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C204787440","wikidata":"https://www.wikidata.org/wiki/Q188504","display_name":"Alternative medicine","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C142724271","wikidata":"https://www.wikidata.org/wiki/Q7208","display_name":"Pathology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:3135577759","doi":null,"is_oa":true,"landing_page_url":"https://arxiv.org/abs/2103.05866","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"arXiv (Cornell University)","raw_type":null}],"best_oa_location":{"id":"mag:3135577759","doi":null,"is_oa":true,"landing_page_url":"https://arxiv.org/abs/2103.05866","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"arXiv (Cornell University)","raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W2057248704","https://openalex.org/W2152530926","https://openalex.org/W2614305404","https://openalex.org/W2766764974","https://openalex.org/W2797816609","https://openalex.org/W2890849264","https://openalex.org/W2891724828","https://openalex.org/W2896616816","https://openalex.org/W2905867785","https://openalex.org/W2956989650","https://openalex.org/W2963209633","https://openalex.org/W3089903745","https://openalex.org/W3122067257"],"related_works":["https://openalex.org/W3193771755","https://openalex.org/W4310054160","https://openalex.org/W3046121790","https://openalex.org/W4322500320","https://openalex.org/W4379382472","https://openalex.org/W4366431559","https://openalex.org/W3083960039","https://openalex.org/W4207060999","https://openalex.org/W6979337234","https://openalex.org/W4407900379"],"abstract_inverted_index":{"Miners":[0],"in":[1,13,37,182,245],"a":[2,51,58,97,252],"blockchain":[3,43,52,155],"system":[4,39],"are":[5],"suffering":[6],"from":[7],"the":[8,21,26,38,42,73,78,87,90,104,108,113,125,131,134,145,148,154,162,166,172,188,224,242,257],"ever-increasing":[9],"storage":[10,53,74,200],"costs,":[11],"which":[12,63],"general":[14],"have":[15],"not":[16,176],"been":[17],"properly":[18],"compensated":[19],"by":[20,56],"users'":[22],"transaction":[23,70,114,135,197,222],"fees.":[24],"In":[25,45,101,128,142],"long":[27],"run,":[28],"this":[29,46],"may":[30,215],"lead":[31],"to":[32,67,123,138,156],"less":[33],"participation":[34],"of":[35,165,187],"miners":[36,95,146],"and":[40,76,94,119,150,185,249,260],"jeopardize":[41],"security.":[44],"work,":[47],"we":[48,169],"mitigate":[49],"such":[50],"sustainability":[54],"issue":[55],"proposing":[57],"social":[59,126,180,247],"welfare":[60,181,248],"maximization":[61],"mechanism,":[62],"encourages":[64],"each":[65,193],"user":[66,194],"pay":[68,216],"sufficient":[69,196],"fees":[71,198],"for":[72,199,206,223],"costs":[75,81,122,227],"consider":[77],"waiting":[79,120,218,225],"time":[80,121,219,226],"imposing":[82],"on":[83,230],"others.":[84],"We":[85,202],"model":[86],"interactions":[88],"between":[89],"protocol":[91,105,173,244],"designer,":[92],"users,":[93],"as":[96],"three-stage":[98,167],"Stackelberg":[99],"game.":[100],"Stage":[102,129,143,183],"I,":[103],"designer":[106,174],"optimizes":[107],"consensus":[109],"parameters":[110],"associated":[111],"with":[112],"fee":[115],"per":[116,221],"byte":[117],"values":[118],"maximize":[124,139,157],"welfare.":[127],"II,":[130],"users":[132,207],"decide":[133],"generation":[136],"rates":[137],"their":[140,158],"payoffs.":[141,159],"III,":[144],"select":[147],"transactions":[149,210],"record":[151],"them":[152],"into":[153],"Through":[160],"characterizing":[161],"Nash":[163],"equilibrium":[164],"game,":[168],"find":[170,204],"that":[171,205,237],"can":[175],"only":[177],"achieve":[178],"maximum":[179],"II":[184],"III":[186],"model,":[189],"but":[190],"also":[191,203],"incentivize":[192],"pays":[195],"costs.":[201],"who":[208],"generate":[209],"at":[211],"lower":[212],"rates,":[213],"they":[214,228],"higher":[217,253],"price":[220],"impose":[229],"other":[231],"users.":[232],"Ethereum-based":[233],"numerical":[234],"results":[235],"showed":[236],"our":[238],"proposed":[239],"mechanism":[240],"dominates":[241],"existing":[243,258],"both":[246],"fees,":[250],"achieves":[251],"fairness":[254],"index":[255],"than":[256],"protocol,":[259],"performs":[261],"well":[262],"even":[263],"under":[264],"heterogeneous-storage-cost":[265],"miners.":[266]},"counts_by_year":[{"year":2021,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2021-03-15T00:00:00"}