The article discusses transaction prioritization norms and transparency within blockchain networks, particularly Bitcoin and Ethereum. It highlights the lack of transparency in how transactions are prioritized, the influence of miner collusion, and the implications for decentralized governance. By analyzing extensive datasets from both blockchains, the research unveils how prioritization affects user trust and engagement. The findings point towards the need for improved transparency mechanisms in transaction processing to foster a more equitable blockchain ecosystem.
In assessing transaction prioritization on blockchains, we evaluate the impact of miner collusion and its effect on transparency, particularly in the context of Bitcoin and Ethereum.
Our analysis highlights that transaction prioritization and contention transparency greatly influence users' trust in decentralized governance, shaping their willingness to engage with blockchain networks.
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