3 Search Results for "Saraph, Vikram"

Document
DOI: 10.4230/LIPIcs.AFT.2025.23
Transaction Fee Market Design for Parallel Execution

Authors: Bahar Acilan, Andrei Constantinescu, Lioba Heimbach, and Roger Wattenhofer

Published in: LIPIcs, Volume 354, 7th Conference on Advances in Financial Technologies (AFT 2025)

Abstract
Given the low throughput of blockchains like Bitcoin and Ethereum, scalability - the ability to process an increasing number of transactions - has become a central focus of blockchain research. One promising approach is the parallelization of transaction execution across multiple threads. However, achieving efficient parallelization requires a redesign of the incentive structure within the fee market. Currently, the fee market does not differentiate between transactions that access multiple high-demand storage keys (i.e., unique identifiers for individual data entries) versus a single low-demand one, as long as they require the same computational effort. Addressing this discrepancy is crucial for enabling more effective parallel execution. In this work, we aim to bridge the gap between the current fee market and the need for parallel execution by exploring alternative fee market designs. To this end, we propose a framework consisting of two key components: a Gas Computation Mechanism (GCM), which quantifies the load a transaction places on the network in terms of parallelization and computation, measured in units of gas, and a Transaction Fee Mechanism (TFM), which assigns a price to each unit of gas. We additionally introduce a set of desirable properties for a GCM, propose several candidate mechanisms, and evaluate them against these criteria. Our analysis highlights two strong candidates: the weighted area GCM, which integrates smoothly with existing TFMs such as EIP‑1559 and satisfies a broad subset of the outlined properties, and the time-proportional makespan GCM, which assigns gas costs based on the context of the entire block’s schedule and, through this dependence on the overall execution outcome, captures the dynamics of parallel execution more accurately.
Cite as

Bahar Acilan, Andrei Constantinescu, Lioba Heimbach, and Roger Wattenhofer. Transaction Fee Market Design for Parallel Execution. In 7th Conference on Advances in Financial Technologies (AFT 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 354, pp. 23:1-23:25, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{acilan_et_al:LIPIcs.AFT.2025.23,
  author =	{Acilan, Bahar and Constantinescu, Andrei and Heimbach, Lioba and Wattenhofer, Roger},
  title =	{{Transaction Fee Market Design for Parallel Execution}},
  booktitle =	{7th Conference on Advances in Financial Technologies (AFT 2025)},
  pages =	{23:1--23:25},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-400-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{354},
  editor =	{Avarikioti, Zeta and Christin, Nicolas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2025.23},
  URN =		{urn:nbn:de:0030-drops-247426},
  doi =		{10.4230/LIPIcs.AFT.2025.23},
  annote =	{Keywords: blockchain, transaction fee mechanism, parallel execution}
}
Document
DOI: 10.4230/OASIcs.Tokenomics.2019.4
An Empirical Study of Speculative Concurrency in Ethereum Smart Contracts

Authors: Vikram Saraph and Maurice Herlihy

Published in: OASIcs, Volume 71, International Conference on Blockchain Economics, Security and Protocols (Tokenomics 2019)

Abstract
We use historical data to estimate the potential benefit of speculative techniques for executing Ethereum smart contracts in parallel. We replay transaction traces of sampled blocks from the Ethereum blockchain over time, using a simple speculative execution engine. In this engine, miners attempt to execute all transactions in a block in parallel, rolling back those that cause data conflicts. Aborted transactions are then executed sequentially. Validators execute the same schedule as miners. We find that our speculative technique yields estimated speed-ups starting at about 8-fold in 2016, declining to about 2-fold at the end of 2017, where speed-up is measured using either gas costs or instruction counts. We also observe that a small set of contracts are responsible for many data conflicts resulting from speculative concurrent execution.
Cite as

Vikram Saraph and Maurice Herlihy. An Empirical Study of Speculative Concurrency in Ethereum Smart Contracts. In International Conference on Blockchain Economics, Security and Protocols (Tokenomics 2019). Open Access Series in Informatics (OASIcs), Volume 71, pp. 4:1-4:15, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2020)

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@InProceedings{saraph_et_al:OASIcs.Tokenomics.2019.4,
  author =	{Saraph, Vikram and Herlihy, Maurice},
  title =	{{An Empirical Study of Speculative Concurrency in Ethereum Smart Contracts}},
  booktitle =	{International Conference on Blockchain Economics, Security and Protocols (Tokenomics 2019)},
  pages =	{4:1--4:15},
  series =	{Open Access Series in Informatics (OASIcs)},
  ISBN =	{978-3-95977-108-5},
  ISSN =	{2190-6807},
  year =	{2020},
  volume =	{71},
  editor =	{Danos, Vincent and Herlihy, Maurice and Potop-Butucaru, Maria and Prat, Julien and Tucci-Piergiovanni, Sara},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/OASIcs.Tokenomics.2019.4},
  URN =		{urn:nbn:de:0030-drops-119684},
  doi =		{10.4230/OASIcs.Tokenomics.2019.4},
  annote =	{Keywords: Blockchains, Smart Contracts}
}
Document
DOI: 10.4230/LIPIcs.OPODIS.2015.13
The Relative Power of Composite Loop Agreement Tasks

Authors: Vikram Saraph and Maurice Herlihy

Published in: LIPIcs, Volume 46, 19th International Conference on Principles of Distributed Systems (OPODIS 2015)

Abstract
Loop agreement is a family of distributed tasks that includes set agreement and simplex agreement, and was used to prove the undecidability of wait-free solvability of distributed tasks by read/write memory. Herlihy and Rajsbaum defined the algebraic signature of a loop agreement task, which consists of a group and a distinguished element. They used the algebraic signature to characterize the relative power of loop agreement tasks. In particular, they showed that one task implements another exactly when there is a homomorphism between their respective signatures sending one loop to the other. In this paper, we extend the previous result by defining the composition of multiple loop agreement tasks to create a new one with the same combined power. We generalize the original algebraic characterization for relative power to compositions of tasks. In this way, we can think of loop agreement tasks in terms of their basic building blocks. We also investigate a category-theoretic perspective of loop agreement by defining a category of loops, showing that the algebraic signature is a functor, and proving that our definition of task composition is the "correct" one, in a categorical sense.
Cite as

Vikram Saraph and Maurice Herlihy. The Relative Power of Composite Loop Agreement Tasks. In 19th International Conference on Principles of Distributed Systems (OPODIS 2015). Leibniz International Proceedings in Informatics (LIPIcs), Volume 46, pp. 13:1-13:16, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2016)

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@InProceedings{saraph_et_al:LIPIcs.OPODIS.2015.13,
  author =	{Saraph, Vikram and Herlihy, Maurice},
  title =	{{The Relative Power of Composite Loop Agreement Tasks}},
  booktitle =	{19th International Conference on Principles of Distributed Systems (OPODIS 2015)},
  pages =	{13:1--13:16},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-939897-98-9},
  ISSN =	{1868-8969},
  year =	{2016},
  volume =	{46},
  editor =	{Anceaume, Emmanuelle and Cachin, Christian and Potop-Butucaru, Maria},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.OPODIS.2015.13},
  URN =		{urn:nbn:de:0030-drops-66044},
  doi =		{10.4230/LIPIcs.OPODIS.2015.13},
  annote =	{Keywords: Distributed computing, loop agreement, task composition, topology}
}
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