Publication: Mining blocks in a row: a statistical study of fairness in Bitcoin mining
Mining blocks in a row: a statistical study of fairness in Bitcoin mining
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Li, S.-N., Yang, Z., & Tessone, C. J. (2020, May 6). Mining blocks in a row: a statistical study of fairness in Bitcoin mining. 2020 IEEE International Conference on Blockchain and Cryptocurrency (ICBC), Toronto. https://doi.org/10.1109/icbc48266.2020.9169436
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The Bitcoin system keeps its ledger consistent in a blockchain by solving cryptographic problems, in a method called "Proof-of-Work". The conventional wisdom asserts that the mining protocol is incentive-compatible. However, Eyal and Sirer in 2014 have discovered a mining attack strategy called selfish mining (SM), in which a miner (or a mining pool) publishes the blocks it mines selectively instead of immediately. SM strategy would have the impact of wasting resources of honest miners. Scholars proposed various extensions of the SM s
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- Yang, Zhao
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Li, S.-N., Yang, Z., & Tessone, C. J. (2020, May 6). Mining blocks in a row: a statistical study of fairness in Bitcoin mining. 2020 IEEE International Conference on Blockchain and Cryptocurrency (ICBC), Toronto. https://doi.org/10.1109/icbc48266.2020.9169436
