Publication: Agent-based Modelling of Strategic behavior in PoW Protocols
Agent-based Modelling of Strategic behavior in PoW Protocols
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Schwarz-Schilling, C., Li, S.-N., & Tessone, C. J. (2021, November 15). Agent-based Modelling of Strategic behavior in PoW Protocols. 2021 Third International Conference on Blockchain Computing and Applications (BCCA), Tartu. https://doi.org/10.1109/bcca53669.2021.9657011
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In blockchain-based systems, such as Bitcoin’s Proof-of-Work (PoW) protocol, it is expected that a miner’s share of total block revenue is proportional to their share of the network’s total hashing power. However, a deviation to this behavior is the selfish mining strategy, an attack vector discovered by Eyal and Sirer in 2014. This strategy may lead to a miner earning more than their “fair share As a result, Bitcoin’s security assumption of an honest majority may not be sufficient. In this paper, in order to verify whether selfish mi
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- Schwarz-Schilling, Caspar
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Schwarz-Schilling, C., Li, S.-N., & Tessone, C. J. (2021, November 15). Agent-based Modelling of Strategic behavior in PoW Protocols. 2021 Third International Conference on Blockchain Computing and Applications (BCCA), Tartu. https://doi.org/10.1109/bcca53669.2021.9657011
