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Validators in permissionless, large-scale blockchains, such as Ethereum, are typically payoff-maximizing, rational actors. Ethereum relies on in-protocol incentives, like rewards for correct and timely votes, to induce honest behavior and…

密码学与安全 · 计算机科学 2025-05-06 Roozbeh Sarenche , Ertem Nusret Tas , Barnabe Monnot , Caspar Schwarz-Schilling , Bart Preneel

Bitcoin uses blockchain technology and proof-of-work (PoW) mechanism where nodes spend computing resources and earn rewards in return for spending these resources. This incentive system has caused power to be significantly biased towards a…

密码学与安全 · 计算机科学 2019-09-04 Yujin Kwon , Jian Liu , Minjeong Kim , Dawn Song , Yongdae Kim

We present and validate a novel mathematical model of the blockchain mining process and use it to conduct an economic evaluation of the double-spend attack, which is fundamental to all blockchain systems. Our analysis focuses on the value…

密码学与安全 · 计算机科学 2016-11-22 George Bissias , Brian Neil Levine , A. Pinar Ozisik , Gavin Andresen

Proof of Work (PoW) has extensively served as the foundation of blockchain's security, consistency, and tamper-resistance. However, long has it been criticized for its tremendous and inefficient utilization of computational power and…

分布式、并行与集群计算 · 计算机科学 2025-03-04 Weihang Cao , Xintong Ling , Jiaheng Wang , Xiqi Gao , Zhi Ding

In this paper, we identify a new form of attack, called the Balance attack, against proof-of-work blockchain systems. The novelty of this attack consists of delaying network communications between multiple subgroups of nodes with balanced…

分布式、并行与集群计算 · 计算机科学 2017-01-02 Christopher Natoli , Vincent Gramoli

In a Proof-of-Work blockchain such as Bitcoin mining hashrate is increasing in the block reward. An increase in hashrate reduces network vulnerability to attack (a reduction in security cost) while increasing carbon emissions and…

密码学与安全 · 计算机科学 2025-08-25 Daniel Aronoff

In this paper, we systematically explore the attack surface of the Blockchain technology, with an emphasis on public Blockchains. Towards this goal, we attribute attack viability in the attack surface to 1) the Blockchain cryptographic…

密码学与安全 · 计算机科学 2019-04-09 Muhammad Saad , Jeffrey Spaulding , Laurent Njilla , Charles Kamhoua , Sachin Shetty , DaeHun Nyang , Aziz Mohaisen

Proof-of-Work blockchain, despite its numerous benefits, is still not an entirely secure technology due to the existence of Selfish Mining (SM) strategies that can disrupt the system and its mining economy. While the effect of SM has been…

密码学与安全 · 计算机科学 2019-10-08 Tin Leelavimolsilp , Long Tran-Thanh , Sebastian Stein , Viet Hung Nguyen

Blockchain is a distributed ledger, which is protected against malicious modifications by means of cryptographic tools, e.g. digital signatures and hash functions. One of the most prominent applications of blockchains is cryptocurrencies,…

密码学与安全 · 计算机科学 2019-12-20 E. O. Kiktenko , M. A. Kudinov , A. K. Fedorov

Bitcoin blockchain uses hash-based Proof-of-Work (PoW) that prevents unwanted participants from hogging the network resources. Anyone entering the mining game has to prove that they have expended a specific amount of computational power.…

密码学与安全 · 计算机科学 2025-04-22 Diptendu Chatterjee , Avishek Majumder , Subhra Mazumdar

Proof-of-Work is a consensus algorithm where miners solve cryptographic puzzles to mine blocks and obtain a reward through some Block Reward Mechanism (BRM). PoW blockchain faces the problem of centralization due to the formation of mining…

计算机科学与博弈论 · 计算机科学 2024-01-18 Varul Srivastava , Sujit Gujar

Mining is a central operation of all proof-of-work (PoW) based cryptocurrencies. The vast majority of miners today participate in "mining pools" instead of "solo mining" in order to lower risk and achieve a more steady income. However, this…

计算工程、金融与科学 · 计算机科学 2022-12-15 Panagiotis Chatzigiannis , Foteini Baldimtsi , Igor Griva , Jiasun Li

We study selfish mining in Ethereum. The problem is combinatorially more complex than in Bitcoin because of major differences in the reward system and a different difficulty adjustment formula. Equivalent strategies in Bitcoin do have…

密码学与安全 · 计算机科学 2019-05-01 Cyril Grunspan , Ricardo Pérez-Marco

Blockchain-based cryptocurrencies, such as Bitcoin, have seen on the rise in their popularity and value, making them a target to several forms of Denial-of-Service (DoS) attacks, and calling for a better understanding of their attack…

密码学与安全 · 计算机科学 2021-01-05 Muhammad Saad , Joongheon Kim , DaeHun Nyang , David Mohaisen

The exponential growth of the blockchain size has become a major contributing factor that hinders the decentralisation of blockchain and its potential implementations in data-heavy applications. In this paper, we propose segment blockchain,…

密码学与安全 · 计算机科学 2020-01-22 Yibin Xu , Yangyu Huang

Bitcoin's security relies on its Proof-of-Work consensus, where miners solve puzzles to propose blocks. The puzzle's difficulty is set by the difficulty adjustment mechanism (DAM), based on the network's available mining power. Attacks that…

密码学与安全 · 计算机科学 2025-02-12 Roozbeh Sarenche , Svetla Nikova , Bart Preneel

In most popular public accessible cryptocurrency systems, the mining pool plays a key role because mining cryptocurrency with the mining pool turns the non-profitable situation into profitable for individual miners. In many recent novel…

分布式、并行与集群计算 · 计算机科学 2022-06-16 Boyang Li , Qing Lu , Weiwen Jiang , Taeho Jung , Yiyu Shi

All public blockchains are secured by a proof of opportunity cost among block producers. For example, the security offered by proof-of-work (PoW) systems, like Bitcoin, is due to spent computation; it is work precisely because it cannot be…

计算机科学与博弈论 · 计算机科学 2019-08-27 George Bissias , Brian N. Levine , David Thibodeau

Bitcoin is a popular cryptocurrency that records alltransactions in a distributed append-only public ledger calledblockchain. The security of Bitcoin heavily relies on the incentive-compatible proof-of-work (PoW) based distributed consensus…

密码学与安全 · 计算机科学 2018-06-05 Mauro Conti , Sandeep Kumar E , Chhagan Lal , Sushmita Ruj

The selfish mining attack, arguably the most famous game-theoretic attack in blockchain, indicates that the Bitcoin protocol is not incentive-compatible. Most subsequent works mainly focus on strengthening the selfish mining strategy, thus…

计算机科学与博弈论 · 计算机科学 2022-02-21 Mengqian Zhang , Yuhao Li , Jichen Li , Chaozhe Kong , Xiaotie Deng