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The Decentralized-Consistent-Scale (DCS) Triangle defines three dimensions that illustrate the tradeoffs of the blockchain consensus mechanism. In this paper, we propose a new hybrid consensus protocol, called Deterministic Proof of Work…

密码学与安全 · 计算机科学 2018-11-15 Zhuan Cheng , Gang Wu , Hao Wu , Muxing Zhao , Liang Zhao , Qingfeng Cai

The consensus protocol named proof of work (PoW) is widely applied by cryptocurrencies like Bitcoin. Although security of a PoW cryptocurrency is always the top priority, it is threatened by mining attacks like selfish mining. Researchers…

密码学与安全 · 计算机科学 2019-07-09 Hanqing Liu , Na Ruan , Joseph K. Liu

Cryptographic Self-Selection is a common primitive underlying leader-selection for Proof-of-Stake blockchain protocols. The concept was first popularized in Algorand [CM19], who also observed that the protocol might be manipulable. [FHWY22]…

计算机科学与博弈论 · 计算机科学 2024-07-25 Linda Cai , Jingyi Liu , S. Matthew Weinberg , Chenghan Zhou

The blockchain brought interesting properties for many practical applications. However, some properties, such as the transaction processing throughput remained limited, especially in Proof-of-Work blockchains. Therefore, several promising…

密码学与安全 · 计算机科学 2023-11-09 Martin Perešíni , Tomáš Hladký , Kamil Malinka , Ivan Homoliak

The main goal of this article is to present a direct approach for the formula giving the long-term apparent hashrates of Selfish Mining strategies using only elementary probabilities and combinatorics, more precisely, Dyck words. We can…

密码学与安全 · 计算机科学 2019-04-17 Cyril Grunspan , Ricardo Pérez-Marco

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

Bitcoin is the first secure decentralized electronic currency system. However, it is known to be inefficient due to its proof-of-work (PoW) consensus algorithm and has the potential hazard of double spending. In this paper, we aim to reduce…

密码学与安全 · 计算机科学 2018-07-10 Chi-Ning Chou , Yu-Jing Lin , Ren Chen , Hsiu-Yao Chang , I-Ping Tu , Shih-wei Liao

Given the parallels between game theory and consensus, it makes sense to intelligently design blockchain or DAG protocols with an incentive-compatible-first mentality. To that end, we propose a new blockchain or DAG protocol enhancement…

计算机科学与博弈论 · 计算机科学 2018-04-19 Drew Stone

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

Selfish miners selectively withhold blocks to earn disproportionately high revenue. The vast majority of the selfish mining literature focuses exclusively on block rewards. Carlsten et al. [2016] is a notable exception, observing that…

计算机科学与博弈论 · 计算机科学 2025-08-11 Maryam Bahrani , Michael Neuder , S. Matthew Weinberg

Proof-of-Work (PoW) systems face critical challenges, including excessive energy consumption and the centralization of mining power among entities with expensive hardware. Static mining pools exacerbate these issues by reducing competition…

密码学与安全 · 计算机科学 2025-04-25 Rizwanul Haque , SM Tareq Aziz , Tahrim Hossain , Faisal Haque Bappy , Muhammad Nur Yanhaona , Tariqul Islam

Bitcoin is a decentralized crypto-currency, and an accompanying protocol, created in 2008. Bitcoin nodes continuously generate and propagate blocks---collections of newly approved transactions that are added to Bitcoin's ledger. Block…

密码学与安全 · 计算机科学 2015-07-24 Ayelet Sapirshtein , Yonatan Sompolinsky , Aviv Zohar

Bitcoin-NG is an extensible blockchain protocol based on the same trust model as Bitcoin. It divides each epoch into one Key-Block and multiple Micro-Blocks, effectively improving transaction processing capacity. Bitcoin-NG adopts a special…

密码学与安全 · 计算机科学 2023-06-07 Junjie Hu , Zhe Jiang , Chunxiang Xu

Eyal and Sirer's selfish mining strategy has demonstrated that Bitcoin system is not secure even if 50% of total mining power is held by altruistic miners. Since then, researchers have been investigating either to improve the efficiency of…

多智能体系统 · 计算机科学 2018-02-08 Tin Leelavimolsilp , Long Tran-Thanh , Sebastian Stein

Mining blocks on a blockchain equipped with a proof of work consensus protocol is well-known to be resource-consuming. A miner bears the operational cost, mainly electricity consumption and IT gear, of mining, and is compensated by a…

密码学与安全 · 计算机科学 2020-10-27 Hansjoerg Albrecher , Pierre-Olivier Goffard

Bitcoin's (BTC) Difficulty Adjustment Algorithm (DAA) has been a source of vulnerability for incentive attacks such as selfish mining, block withholding and coin hopping strategies. In this paper, first, we rigorously study the short-term…

密码学与安全 · 计算机科学 2026-03-24 Mustafa Doger , Sennur Ulukus

We introduce a structure for the directed acyclic graph (DAG) and a mechanism design based on that structure so that peers can reach consensus at large scale based on proof of work (PoW). We also design a mempool transaction assignment…

分布式、并行与集群计算 · 计算机科学 2019-01-10 Jiahao He , Guangju Wang , Guangyuan Zhang , Jiheng Zhang

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

Cryptocurrencies have gained popularity due to their transparency, security, and accessibility compared to traditional financial systems, with Bitcoin, introduced in 2009, leading the market. Bitcoin's security relies on blockchain…

密码学与安全 · 计算机科学 2024-11-12 Dinitha Wijewardhana , Sugandima Vidanagamachchi , Nalin Arachchilage

Proof-of-Stake blockchains based on a longest-chain consensus protocol are an attractive energy-friendly alternative to the Proof-of-Work paradigm. However, formal barriers to "getting the incentives right" were recently discovered, driven…

计算机科学与博弈论 · 计算机科学 2023-10-31 Matheus V. X. Ferreira , S. Matthew Weinberg