{"id":"https://openalex.org/W2963649118","doi":"https://doi.org/10.1145/3308558.3313454","title":"Redesigning Bitcoin's fee market","display_name":"Redesigning Bitcoin's fee market","publication_year":2019,"publication_date":"2019-05-13","ids":{"openalex":"https://openalex.org/W2963649118","doi":"https://doi.org/10.1145/3308558.3313454","mag":"2963649118"},"language":"en","primary_location":{"id":"doi:10.1145/3308558.3313454","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3308558.3313454","pdf_url":null,"source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The World Wide Web Conference","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1145/3308558.3313454","any_repository_has_fulltext":null},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5026026890","display_name":"Ron Lavi","orcid":"https://orcid.org/0000-0002-5215-5165"},"institutions":[{"id":"https://openalex.org/I174306211","display_name":"Technion \u2013 Israel Institute of Technology","ror":"https://ror.org/03qryx823","country_code":"IL","type":"education","lineage":["https://openalex.org/I174306211"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Ron Lavi","raw_affiliation_strings":["Technion Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Technion Israel","institution_ids":["https://openalex.org/I174306211"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5089611363","display_name":"Or Sattath","orcid":"https://orcid.org/0000-0001-7567-3822"},"institutions":[{"id":"https://openalex.org/I124227911","display_name":"Ben-Gurion University of the Negev","ror":"https://ror.org/05tkyf982","country_code":"IL","type":"education","lineage":["https://openalex.org/I124227911"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Or Sattath","raw_affiliation_strings":["Ben-Gurion University of the Negev Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Ben-Gurion University of the Negev Israel","institution_ids":["https://openalex.org/I124227911"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5015458414","display_name":"Aviv Zohar","orcid":"https://orcid.org/0000-0001-8539-9222"},"institutions":[{"id":"https://openalex.org/I197251160","display_name":"Hebrew University of Jerusalem","ror":"https://ror.org/03qxff017","country_code":"IL","type":"education","lineage":["https://openalex.org/I197251160"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Aviv Zohar","raw_affiliation_strings":["The Hebrew University of Jerusalem Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Hebrew University of Jerusalem Israel","institution_ids":["https://openalex.org/I197251160"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":12.3434,"has_fulltext":false,"cited_by_count":53,"citation_normalized_percentile":{"value":0.98554768,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":99},"biblio":{"volume":null,"issue":null,"first_page":"2950","last_page":"2956"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9998999834060669,"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":0.9998999834060669,"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/T11182","display_name":"Auction Theory and Applications","score":0.9599000215530396,"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/T11437","display_name":"Digital Platforms and Economics","score":0.9588000178337097,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/cryptocurrency","display_name":"Cryptocurrency","score":0.6282303333282471},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5373266339302063},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3540598154067993},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.2758265733718872}],"concepts":[{"id":"https://openalex.org/C180706569","wikidata":"https://www.wikidata.org/wiki/Q13479982","display_name":"Cryptocurrency","level":2,"score":0.6282303333282471},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5373266339302063},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3540598154067993},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.2758265733718872}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3308558.3313454","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3308558.3313454","pdf_url":null,"source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The World Wide Web Conference","raw_type":"proceedings-article"}],"best_oa_location":{"id":"doi:10.1145/3308558.3313454","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3308558.3313454","pdf_url":null,"source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The World Wide Web Conference","raw_type":"proceedings-article"},"sustainable_development_goals":[{"score":0.5199999809265137,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":17,"referenced_works":["https://openalex.org/W1557366654","https://openalex.org/W1573476887","https://openalex.org/W1858229664","https://openalex.org/W2040168265","https://openalex.org/W2057248704","https://openalex.org/W2066462806","https://openalex.org/W2188530018","https://openalex.org/W2295940006","https://openalex.org/W2508339054","https://openalex.org/W2535029869","https://openalex.org/W2751010069","https://openalex.org/W2760072470","https://openalex.org/W2900163231","https://openalex.org/W2912512065","https://openalex.org/W4247157595","https://openalex.org/W4248175462","https://openalex.org/W6857528661"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W2899084033","https://openalex.org/W2748952813","https://openalex.org/W4366411693","https://openalex.org/W3211641817","https://openalex.org/W3164717803","https://openalex.org/W4389915954","https://openalex.org/W3123387860","https://openalex.org/W4291291739","https://openalex.org/W2915579847"],"abstract_inverted_index":{"The":[0],"Bitcoin":[1],"payment":[2],"system":[3,27],"involves":[4],"two":[5],"agent":[6],"types:":[7],"Users":[8],"that":[9],"transact":[10],"with":[11],"the":[12,26,50,68,85,97,120,138],"currency":[13],"and":[14,17,24,47,112],"pay":[15],"fees":[16],"miners":[18],"in":[19,28],"charge":[20],"of":[21,34,140],"authorizing":[22],"transactions":[23],"securing":[25,39],"return":[29],"for":[30,115],"these":[31],"fees.":[32],"Two":[33],"Bitcoin's":[35,77],"challenges":[36],"are":[37,63],"(i)":[38,90],"sufficient":[40],"miner":[41],"revenues":[42],"as":[43,66,96,119,137],"block":[44,58,70,99],"rewards":[45],"decrease,":[46],"(ii)":[48,102],"alleviating":[49],"throughput":[51],"limitation":[52],"due":[53,75],"to":[54,76,106,128,134],"a":[55],"small":[56],"maximal":[57,69,98,132],"size":[59,71,100],"cap.":[60],"These":[61],"issues":[62],"strongly":[64],"related":[65],"increasing":[67],"may":[72],"decrease":[73,95],"revenue":[74,92],"pay-your-bid":[78],"approach.":[79],"To":[80],"decouple":[81],"them,":[82],"we":[83],"analyze":[84],"\u201cmonopolistic":[86],"auction\u201d":[87],"[8],":[88],"showing:":[89],"its":[91],"does":[93],"not":[94],"increases,":[101],"it":[103],"is":[104],"resilient":[105],"an":[107],"untrusted":[108],"auctioneer":[109],"(the":[110],"miner),":[111],"(iii)":[113],"simplicity":[114],"transaction":[116],"issuers":[117],"(bidders),":[118],"average":[121],"gain":[122],"from":[123],"strategic":[124],"bid":[125],"shading":[126],"(relative":[127],"bidding":[129],"one's":[130],"true":[131],"willingness":[133],"pay)":[135],"diminishes":[136],"number":[139],"bids":[141],"increases.":[142]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":7},{"year":2022,"cited_by_count":15},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":12},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":1}],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}
