TIL that most of Costco's profits comes from membership fees and not products sa…
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Payment channels are the most prominent solution to the blockchain scalability problem. We introduce the problem of network design with fees for payment channels from the perspective of a Payment Service Provider (PSP). Given a set of transactions, w...
Automated Market Makers (AMMs) are emerging as a popular decentralised trading platform. In this work, we determine the optimal dynamic fees in a constant function market maker. We find approximate closed-form solutions to the control problem and stu...
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There is a lot of uncertainty about of Bitcoin, so many turn to the altcoin market to diversity their crypto holdings, only to find more uncertainty. CoinMarketCap lists over 500 coins, and there are probably more. In this brief post, I offer Maxcoin’s qualifi…
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