Publicly Verifiable M + 1st-Price Auction Fit for IoT with Minimum Storage

Table 2

Comparison of AS [6] gas usage () and our scheme (ECC 256: 3 bidders and 6 bidding prices).

	AS [6]		This scheme
	Manager	Bidder	Bidder
(1) Initialization	1	—	1
(2) Submission of bids by bidders	5	5	3
(3) Bid verification	520	—	350
(4) st-price decision	79	—	52
(5) Winner decision	9	—	8
(6) Payment	4	4	2
Overall	618	9	416