A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is application/pdf
.
On Power Splitting Games in Distributed Computation: The Case of Bitcoin Pooled Mining
2015
2015 IEEE 28th Computer Security Foundations Symposium
Several new services incentivize clients to compete in solving large computation tasks in exchange for financial rewards. This model of competitive distributed computation enables every user connected to the Internet to participate in a game in which he splits his computational power among a set of competing pools -the game is called a computational power splitting game. We formally model this game and show its utility in analyzing the security of pool protocols that dictate how financial
doi:10.1109/csf.2015.34
dblp:conf/csfw/LuuSPSH15
fatcat:qca3uu7xozfn7njbtxu5ivshfq