Research Pulse #49 is out!
In Empirical Analysis of EIP-1559: Transaction Fees, Waiting Time, and Consensus Security, the authors provide a post-mortem of the implementation of EIP-1559, a transaction fee mechanism adopted by Ethereum last year. We have covered EIP1559 on the forum and evaluated its merits by summarizing and discussing Tim Roughgarden’s analysis of the proposal. This publication is interesting as it compares the game theory presented in that work with on-chain analysis.
In Tutela: An Open-Source Tool for Assessing User-Privacy on Ethereum and Tornado Cash, the authors present an interesting tool that evaluates the privacy of an Ethereum account. The paper features a tool that enables users to apply common clustering methodologies to their addresses and see for themselves how private their activities are.
Finally, in SoK: Blockchain Governance, the authors perform a literature review on the topic of protocol governance. This is an interesting analysis because it is focused on layer 1 governance mechanisms. This differs from previous attempts at governance SoKs which have historically focused on application-level governance, implemented as smart contract DAOs.