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Blockchain-based cryptocurrencies secure a decentralized consensus protocol by incentives. The protocol participants, called miners, generate (mine) a series of blocks, each containing monetary transactions created by system users. As…

密码学与安全 · 计算机科学 2018-11-14 Itay Tsabary , Ittay Eyal

We present a strategy for a single quantum miner with relatively low hashing power, with the same ramifications as a 51% attack. Bitcoin nodes consider the chain with the highest cumulative proof-of-work to be the valid chain. A quantum…

量子物理 · 物理学 2024-10-01 Bolton Bailey , Or Sattath

We analyze Qubic's publicly claimed selfish mining attack against Monero in 2025. By combining measurements from Monero nodes, the Qubic pool API, and Qubic-network observations, we reconstruct Qubic-attributed blocks and effective hashrate…

密码学与安全 · 计算机科学 2026-02-03 Suhyeon Lee , Hyeongyeong Kim

Proof of work (PoW), as the representative consensus protocol for blockchain, consumes enormous amounts of computation and energy to determine bookkeeping rights among miners but does not achieve any practical purposes. To address the…

密码学与安全 · 计算机科学 2022-11-01 Yuntao Wang , Haixia Peng , Zhou Su , Tom H Luan , Abderrahim Benslimane , Yuan Wu

Bitcoin is the first of its kind, a truly decentralized and anonymous cryptocurrency. To realize it, it has developed blockchain technology using the concept of `Proof of Work' (PoW). The miners, nodes responsible for writing transaction…

密码学与安全 · 计算机科学 2022-10-14 Yash Chaurasia , Visvesh Subramanian , Sujit Gujar

Incentive mechanisms are central to the functionality of permissionless blockchains: they incentivize participants to run and secure the underlying consensus protocol. Designing incentive-compatible incentive mechanisms is notoriously…

密码学与安全 · 计算机科学 2020-08-06 Charlie Hou , Mingxun Zhou , Yan Ji , Phil Daian , Florian Tramer , Giulia Fanti , Ari Juels

Proof of work (PoW), the most popular consensus mechanism for Blockchain, requires ridiculously large amounts of energy but without any useful outcome beyond determining accounting rights among miners. To tackle the drawback of PoW, we…

密码学与安全 · 计算机科学 2019-12-30 Xidi Qu , Shengling Wang , Qin Hu , Xiuzhen Cheng

Proof-of-Work (PoW) is a popular blockchain consensus algorithm that is used in cryptocurrencies like Bitcoin in which hashing operations are repeated until the resulting hash has certain properties. This approach uses lots of computational…

密码学与安全 · 计算机科学 2022-09-09 Felix Hoffmann

Stratum, the de-facto mining communication protocol used by blockchain based cryptocurrency systems, enables miners to reliably and efficiently fetch jobs from mining pool servers. In this paper we exploit Stratum's lack of encryption to…

密码学与安全 · 计算机科学 2017-03-21 Ruben Recabarren , Bogdan Carbunar

As the second largest cryptocurrency by market capitalization and today's biggest decentralized platform that runs smart contracts, Ethereum has received much attention from both industry and academia. Nevertheless, there exist very few…

密码学与安全 · 计算机科学 2021-07-13 Jianyu Niu , Chen Feng

Bitcoin mining presents a significant economic incentive for efficient hashing and broadcast of data, both parameters stemming from the Proofs of Work used to advance the network. This incentive has led to the development of Bitcoin…

密码学与安全 · 计算机科学 2016-03-17 Jonathan Harvey-Buschel , Can Kisagun

The Lightning Network promises to alleviate Bitcoin's known scalability problems. The operation of such second layer approaches relies on the ability of participants to turn to the blockchain to claim funds at any time, which is assumed to…

密码学与安全 · 计算机科学 2020-08-28 Jona Harris , Aviv Zohar

The pool-hopping attack casts down the expected profits of both the mining pool and honest miners in Blockchain. The mainstream countermeasures, namely PPS (pay-per-share) and PPLNS (pay-per-last-N-share), can hedge pool hopping, but pose a…

计算机科学与博弈论 · 计算机科学 2019-12-30 Hongwei Shi , Shengling Wang , Qin Hu , Xiuzhen Cheng , Junshan Zhang , Jiguo Yu

We analyze Bitcoin mining from the perspective of a game and propose an optimal mining model that maximizes profits of pools and miners. The model is a two-stage Stackelberg game in which each stage forms a sub-game. In stage I, pools are…

计算机科学与博弈论 · 计算机科学 2021-07-22 David Lajeunesse , Hugo D. Scolnik

Following the publication of Bitcoin's arguably most famous attack, selfish mining, various works have introduced mechanisms to enhance blockchain systems' game theoretic resilience. Some reward mechanisms, like FruitChains, have been shown…

计算机科学与博弈论 · 计算机科学 2025-03-14 Lukas Aumayr , Zeta Avarikioti , Dimitris Karakostas , Karl Kreder , Shreekara Shastry

Mining blocks in a blockchain using the \textit{Proof-of-Work} consensus protocol involves significant risk, as network participants face continuous operational costs while earning infrequent capital gains upon successfully mining a block.…

密码学与安全 · 计算机科学 2025-11-19 Pierre-Olivier Goffard , Hansjoerg Albrecher , Jean-Pierre Fouque

A proof of work (PoW) is an important cryptographic construct enabling a party to convince others that they invested some effort in solving a computational task. Arguably, its main impact has been in the setting of cryptocurrencies such as…

量子物理 · 物理学 2023-03-15 Alexandru Cojocaru , Juan Garay , Aggelos Kiayias , Fang Song , Petros Wallden

The idea of security sharing goes back to Nakamoto's introduction of merge mining, a technique that enables Bitcoin miners to reuse their hash power to bootstrap and secure other Proof-of-Work (PoW) blockchains. However, with the rise of…

Bitcoin is a representative decentralized currency system. For the security of Bitcoin, fairness in the distribution of mining rewards plays a crucial role in preventing the concentration of computational power in a few miners. Here,…

密码学与安全 · 计算机科学 2025-06-17 Akira Sakurai , Kazuyuki Shudo

Selfish mining, which is an attack on the integrity of the Bitcoin network, was first proposed by Cornell researchers Emin Gun Sirer and Ittay Eyal in 2013. Selfish mining attack also exists in most Nakamoto consensus protocols. Generally…

网络与互联网体系结构 · 计算机科学 2018-09-18 Rui Tian , Wei Gong