Optimal Publishing Strategies on a Base Layer

Yogev Bar-On*, Yishay Mansour

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

A growing number of products use layer 2 solutions to expand the capabilities of primary blockchains like Ethereum, where computation is off-loaded from the root chain, and the results are published to it in bulk. Those include optimistic and zero-knowledge rollups, information oracles, and app-specific chains. This work presents an analysis of layer 2 blockchain strategies determining the optimal times for publishing transactions on the root chain. There is a trade-off between waiting for a better layer 1 gas price and the urgency to finalize layer 2 transactions. We present a model for the problem that captures this trade-off, generalizing previous works, and we analyze the properties of optimal publishing strategies. We show that such optimal strategies hold a computable simple form for a large class of cost functions.

Original languageEnglish
Title of host publicationFinancial Cryptography and Data Security - 28th International Conference, FC 2024, Revised Selected Papers
EditorsJeremy Clark, Elaine Shi
PublisherSpringer Science and Business Media Deutschland GmbH
Pages314-330
Number of pages17
ISBN (Print)9783031786754
DOIs
StatePublished - 2025
Event28th International Conference on Financial Cryptography and Data Security, FC 2024 - Willemstad, Netherlands
Duration: 4 Mar 20248 Mar 2024

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume14744 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference28th International Conference on Financial Cryptography and Data Security, FC 2024
Country/TerritoryNetherlands
CityWillemstad
Period4/03/248/03/24

Funding

FundersFunder number
Yandex Initiative for Machine Learning
Israel Science Foundation
Tel Aviv University
European Research Council
Horizon 2020 Framework Programme882396

    Keywords

    • Blockchain
    • Layer 2
    • Online Algorithms
    • Rollup

    Fingerprint

    Dive into the research topics of 'Optimal Publishing Strategies on a Base Layer'. Together they form a unique fingerprint.

    Cite this