Columbia University Professor Tim Roughgarden Conducts Ethereum Policy Research EIP-1559

2020-8-25 11:27
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The Decentralization Foundation invited Tim Roughgarden, an IT expert at Columbia University, to conduct a financial review of the Ethereum development of the EIP-1559 application and the Ethereum exchange rate. According to Tim, future research will identify changes to Ethereum protocol exchange rates, including: 1. Include definitions for EIP-1559 and EIP-2593 applications. 2. Interpretation of purpose and restrictions 3. Business model 4. Model the theory of minors' games; 5. Explain the trade-off of competition goals. 6. If possible, the best decision. During the course, Tim created the educational newsletter and announced the final public announcement to the public at arXiv. The foundation also opened a free page to support Tim's research and development. Tim Roughgarden is currently Professor of Computer Science at Columbia University. Before joining Columbia, he spent 15 years in computer science at Stanford University after earning a PhD from Cornell University and a PhD from UC Berkeley. His research needs include the design, testing, implementation and limitation of algorithms, as well as the various combinations of IT and industry. EIP 1559 aims to remedy the current “pay-as-you-go” model that forces users to pay unreasonable fees. In addition, the EIP 1559 pricing model has been adapted to meet network requirements, so you only pay for what you need. The Decentralization Foundation is a non-profit organization whose mission is to raise funds for technology projects related to distribution, distribution, etc.

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