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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

We make several contributions that quantify the real-time hash rate and therefore the consensus of a blockchain. We show that by using only the hash value of blocks, we can estimate and measure the hash rate of all miners or individual…

密码学与安全 · 计算机科学 2017-07-04 A. Pinar Ozisik , George Bissias , Brian Levine

The arisen of Bitcoin has led to much enthusiasm for blockchain research and block mining, and the extensive existence of mining pools helps its participants (i.e., miners) gain reward more frequently. Recently, the mining pools are proved…

计算机科学与博弈论 · 计算机科学 2020-08-18 Zhihuai Chen , Bo Li , Xiaohan Shan , Xiaoming Sun , Jialin Zhang

In late 2017, a sudden proliferation of malicious JavaScript was reported on the Web: browser-based mining exploited the CPU time of website visitors to mine the cryptocurrency Monero. Several studies measured the deployment of such code…

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

Stubborn mining attack greatly downgrades Bitcoin throughput and also benefits malicious miners (attackers). This paper aims to quantify the impact of block receiving delay on stubborn mining attack severity in imperfect Bitcoin networks.…

密码学与安全 · 计算机科学 2023-09-14 Haoran Zhu , Xiaolin Chang , Jelena Mišić , Vojislav B. Mišić

Privacy-focused cryptoassets like Monero are intentionally difficult to trace. Over the years, several traceability heuristics have been proposed, most of which have been rendered ineffective with subsequent protocol upgrades. Between 2019…

密码学与安全 · 计算机科学 2024-08-13 Nada Hammad , Friedhelm Victor

Abrupt changes in the miner hash rate applied to a proof-of-work (PoW) blockchain can adversely affect user experience and security. Because different PoW blockchains often share hashing algorithms, miners face a complex choice in deciding…

密码学与安全 · 计算机科学 2018-06-20 George Bissias , Brian N. Levine , David Thibodeau

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

Bitcoin was recently introduced as a peer-to-peer electronic currency in order to facilitate transactions outside the traditional financial system. The core of Bitcoin, the Blockchain, is the history of the transactions in the system…

密码学与安全 · 计算机科学 2017-05-04 Siamak Solat , Maria Potop-Butucaru

Cryptocurrency miners have great latitude in deciding which transactions they accept, including their own, and the order in which they accept them. Ethereum miners in particular use this flexibility to collect MEV-Miner Extractable Value-by…

密码学与安全 · 计算机科学 2022-03-31 Julien Piet , Jaiden Fairoze , Nicholas Weaver

Strategic mining attacks, such as selfish mining, exploit blockchain consensus protocols by deviating from honest behavior to maximize rewards. Markov Decision Process (MDP) analysis faces scalability challenges in modern digital economics,…

机器学习 · 计算机科学 2025-02-26 Jichen Li , Lijia Xie , Hanting Huang , Bo Zhou , Binfeng Song , Wanying Zeng , Xiaotie Deng , Xiao Zhang

Proof-of-Stake consensus protocols give rise to complex modeling challenges. We analyze the recently-updated Tezos Proof-of-Stake protocol and demonstrate that, under certain conditions, rational participants are incentivized to behave…

密码学与安全 · 计算机科学 2020-04-09 Michael Neuder , Daniel J. Moroz , Rithvik Rao , David C. Parkes

Bitcoin uses blockchain technology to maintain transactions order and provides probabilistic guarantee to prevent double-spending, assuming that an attacker's computational power does not exceed %50 of the network power. In this paper, we…

密码学与安全 · 计算机科学 2024-11-19 Ghader Ebrahimpour , Mohammad Sayad Haghighi

We calculate the probability of success of block-hiding mining strategies in Bitcoin-like networks. These strategies involve building a secret branch of the block-tree and publishing it opportunistically, aiming to replace the top of the…

密码学与安全 · 计算机科学 2014-02-19 Assaf Shomer

In cryptocurrencies, the block reward is meant to serve as the incentive mechanism for miners to commit resources to create blocks and in effect secure the system. Existing systems primarily divide the reward in proportion to expended…

计算机科学与博弈论 · 计算机科学 2021-03-24 Lucianna Kiffer , Rajmohan Rajaraman

We compute the revenue ratio of the Trail Stubborn mining strategy in the Bitcoin network and compare its profitability to other block-withholding strategies. We use for this martingale techniques and a classical analysis of the hiker…

密码学与安全 · 计算机科学 2018-11-26 Cyril Grunspan , Ricardo Pérez-Marco

In this paper we revisit some major orthodoxies which lie at the heart of the bitcoin crypto currency and its numerous clones. In particular we look at The Longest Chain Rule, the monetary supply policies and the exact mechanisms which…

密码学与安全 · 计算机科学 2014-12-11 Nicolas T. Courtois

Bitcoin-NG, a scalable blockchain protocol, divides each block into a key block and many micro blocks to effectively improve the transaction processing capacity. Bitcoin-NG has a special incentive mechanism (i.e. splitting transaction fees…

密码学与安全 · 计算机科学 2020-06-23 Taotao Wang , Xiaoqian Bai , Hao Wang , Soung Chang Liew , Shengli Zhang

Recently, several works conjectured the vulnerabilities of mainstream blockchains under several network attacks. All these attacks translate into showing that the assumptions of these blockchains can be violated in theory or under…

密码学与安全 · 计算机科学 2018-05-15 Parinya Ekparinya , Vincent Gramoli , Guillaume Jourjon