The thesis explores transaction prioritization norms, contention transparency, and decentralized governance within blockchain technology. It reviews existing literature, focusing on theoretical proposals for transaction ordering and their implications without providing empirical evidence. The impact of governance structures on decision-making power distribution is analyzed, highlighting the significance of these aspects in enhancing transparency and efficiency in blockchain systems. The discussion encompasses future directions in research, including the necessity for empirical studies to support theoretical findings and improve the overall governance model for decentralized networks.
Several recent studies have suggested approaches to ensure that transaction ordering adheres to specific norms, focusing mainly on theoretical models without empirical backing to prove miners' deviations.
Decentralized governance entails distributing decision-making power within the blockchain ecosystem, critically affecting the effectiveness and equity of governing bodies in enforcing norms and regulations.
#blockchain #transaction-prioritization #decentralized-governance #contention-transparency #smart-contracts
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