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This work applies reinforcement learning (RL) from the AI machine learning field to derive an optimal Bitcoin-like blockchain mining strategy without knowing the details of the blockchain network model. Previously, the most profitable…

密码学与安全 · 计算机科学 2021-01-07 Taotao Wang , Soung Chang Liew , Shengli Zhang

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 the optimal dynamic blockchain-pegged policy of the dishonest mining pool. To…

密码学与安全 · 计算机科学 2021-11-16 Jing-Yu Ma , Quan-Lin Li

This paper reviews and highlights how coding schemes have been used to solve various problems in blockchain systems. Specifically, these problems relate to scaling blockchains in terms of their data storage, computation and communication…

分布式、并行与集群计算 · 计算机科学 2022-08-22 Changlin Yang , Kwan-Wu Chin , Jiguang Wang , Xiaodong Wang , Ying Liu , Zibin Zheng

Blockchain is a radical innovation with a unique value proposition that shifts trust from institutions to algorithms. Still, the potential of blockchains remains elusive due to knowledge gaps between computer science research and…

密码学与安全 · 计算机科学 2021-05-06 Olga Labazova , Erol Kazan , Tobias Dehling , Tuure Tuunanen , Ali Sunyaev

Blockchain has become a popular emergent technology in many industries. It is suitable for a broad range of applications, from its base role as an immutable distributed ledger to the deployment of distributed applications. Many…

密码学与安全 · 计算机科学 2022-12-20 Inwon Kang , Aparna Gupta , Oshani Seneviratne

Coin selection algorithms are a fundamental component of blockchain technology. In this paper, we present a comprehensive review of the existing coin selection algorithms utilized in unspent transaction output (UTXO)-based blockchains. We…

密码学与安全 · 计算机科学 2023-11-03 Gholamreza Ramezan , Manvir Schneider , Mel McCann

Although Bitcoin was intended to be a decentralized digital currency, in practice, mining power is quite concentrated. This fact is a persistent source of concern for the Bitcoin community. We provide an explanation using a simple model to…

密码学与安全 · 计算机科学 2018-11-22 Nick Arnosti , S. Matthew Weinberg

Motivated by the massive energy usage of blockchain, on the one hand, and by significant performance improvements in low-power, wimpy systems, on the other hand, we perform an in-depth time-energy analysis of blockchain systems on low-power…

分布式、并行与集群计算 · 计算机科学 2019-06-18 Dumitrel Loghin , Gang Chen , Tien Tuan Anh Dinh , Beng Chin Ooi , Yong Meng Teo

This paper deals with design of the alternative secure Blockchain network framework to prevent damages from an attacker. The concept of the strategic alliance of the management is applied on the top of the recent developed stochastic game…

密码学与安全 · 计算机科学 2022-02-15 Song-Kyoo Kim

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

In this paper, we take a close look at a problem labeled maximal extractable value (MEV), which arises in a blockchain due to the ability of a block producer to manipulate the order of transactions within a block. Indeed, blockchains such…

综合经济学 · 经济学 2024-03-29 Vijay Mohan , Peyman Khezr

Though voting-based consensus algorithms in Blockchain outperform proof-based ones in energy- and transaction-efficiency, they are prone to incur wrong elections and bribery elections. The former originates from the uncertainties of…

计算机科学与博弈论 · 计算机科学 2019-12-30 Shengling Wang , Xidi Qu , Qin Hu , Weifeng Lv

Carbon footprint reduction can be achieved through various methods, including the adoption of renewable energy sources. The installation of such sources, like photovoltaic panels, while environmentally beneficial, is cost-prohibitive for…

分布式、并行与集群计算 · 计算机科学 2024-04-26 Abdulrezzak Zekiye , Ouns Bouachir , Öznur Özkasap , Moayad Aloqaily

Proof of work cryptocurrencies began with the promise of a more egalitarian future with a decentralized monetary system with no powerful entities in charge. While this vision is far from realized, these cryptocurrencies are still touted to…

密码学与安全 · 计算机科学 2022-03-31 Sishan Long , Soumya Basu , Emin Gün Sirer

We propose a bitcoin generalization as a solution to the problem of scalability. The block is redefined as a sequence of sub-blocks of increasing sizes that coexist as different levels of compromise between decentralization and transactions…

密码学与安全 · 计算机科学 2018-05-15 Santi J. Vives

Blockchains have attracted a great deal of attention as a technology for the distributed management of register information at multiple nodes without a centralized system. However, they possess the drawbacks of low transaction throughput…

分布式、并行与集群计算 · 计算机科学 2019-06-04 Yusuke Aoki , Kazuyuki Shudo

It is an important decision-making problem for a miner in the blockchain networks if he/she participates in the mining so that he/she earns a reward by creating a new block earlier than other miners. We formulate this decision-making…

计算机科学与博弈论 · 计算机科学 2020-12-15 Kosuke Toda , Naomi Kuze , Toshimitsu Ushio

We study a game-theoretic model of blockchain mining economies and show that griefing, a practice according to which participants harm other participants at some lesser cost to themselves, is a prevalent threat at its Nash equilibria. The…

计算机科学与博弈论 · 计算机科学 2021-06-24 Yun Kuen Cheung , Stefanos Leonardos , Georgios Piliouras , Shyam Sridhar

Recent years have witnessed an increasing interest in the blockchain technology, and many blockchain-based applications have been developed to take advantage of its decentralization, transparency, fault tolerance, and strong security. In…

密码学与安全 · 计算机科学 2021-09-30 Yihao Guo , Zhiguo Wan , Xiuzhen Cheng

A blockchain, during its lifetime, records large amounts of data, that in a common usage its kept on its entirety. In a robotics environment, the old information is useful for human evaluation, or oracles interfacing with the blockchain but…

机器人学 · 计算机科学 2019-05-15 Miguel Fernandes , Luís A. Alexandre