Jain, Archana; Jain, Chinmay; Krystyniak, Karolina - 2023
We study the determinants of transaction fees in Bitcoin and Ethereum blockchain. We find that the blockchain fee increases with the network congestion in a non-linear manner as hypothesized by Huberman, Leshno, and Moallemi (2019). Blockchain fee is also higher when the price of the associated...