Sensitivity-Based Optimization for Blockchain Selfish Mining

نویسندگان

چکیده

In this paper, we provide a novel dynamic decision method of blockchain selfish mining by applying the sensitivity-based optimization theory. Our aim is to find optimal blockchain-pegged policy dishonest pool. To study attacks, two pools designed means different competitive criterions, where honest pool follows two-block leading criterion, while modification criterion through using policy. policy, set up policy-based continuous-time Markov process and analyze some key factors. Based on this, discuss monotonicity optimality long-run average profit with respect reward prove structure We hope methodology results derived in paper can shed light research attacks mining.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Explorer Blockchain Mining

We study the strategic considerations of miners participating in the bitcoin’s protocol. We formulate and study the stochastic game that underlies these strategic considerations. The miners collectively build a tree of blocks, and they are paid when they create (mine) a node which will end up in the path of the tree that is adopted by all. Since the miners can hide newly mined nodes, they play ...

متن کامل

Lab Project: Selfish mining

Mining is the process of adding blocks of transaction to the Bitcoin’s block chain. The block chain serves to confirm transactions in the network. Nodes use the block chain to verify the legality of transactions. Each block contains a proof of work to be considered valid. This proof of work is verified by other nodes in the network. Mining is designed to be difficult so that the frequency of bl...

متن کامل

Beyond Bitcoin - Part II: Blockchain-based systems without mining

Nowadays the decentralized transaction ledger functionality implemented through the blockchain technology is at the highest international interest because of the prospects both on opportunities and risks. There are a number of advantages inherently embedded in blockchain-based systems, and a pletora of new applications and services relying on concepts and technologies inspired by those of Bitco...

متن کامل

Prediction-Based Portfolio Optimization Model for Iran’s Oil Dependent Stocks Using Data Mining Methods

This study applied a prediction-based portfolio optimization model to explore the results of portfolio predicament in the Tehran Stock Exchange. To this aim, first, the data mining approach was used to predict the petroleum products and chemical industry using clustering stock market data. Then, some effective factors, such as crude oil price, exchange rate, global interest rate, gold price, an...

متن کامل

Evolutionary Game for Mining Pool Selection in Blockchain Networks

In blockchain networks adopting the proof-of-work schemes, the monetary incentive is introduced by the Nakamoto consensus protocol to guide the behaviors of the full nodes (i.e., block miners) in the process of maintaining the consensus about the blockchain state. The block miners have to devote their computation power measured in hash rate in a crypto-puzzle solving competition to win the rewa...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Lecture Notes in Computer Science

سال: 2021

ISSN: ['1611-3349', '0302-9743']

DOI: https://doi.org/10.1007/978-3-030-93176-6_28