Relaxing the syntax for inclusion rules in transaction fee mechanisms allows metadata to be appended to bids, enhancing blockchain confirmation and payment processes. This adjustment doesn’t change the validity of the established impossibility results related to incentive compatibility notions. The proofs confirming these impossibility results remain solid regardless of the ability to include auxiliary metadata, ensuring that the findings are consistent across various bidding strategies. Further exploration suggests implications for coordination and output strategies, leading to deeper considerations on cryptographic applications.
The study outlines how relaxing the syntax of the inclusion rule allows honest rules to append metadata to each bid, facilitating blockchain confirmation and payment rules.
We prove that the impossibility results remain valid even when considering the relaxed syntax, thereby confirming the robustness of these findings across different mechanisms.
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