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On the Unfairness of Blockchain
[chapter]
2019
Lecture Notes in Computer Science
The success of Bitcoin largely relies on the perception of a fair underlying peer-to-peer protocol: blockchain. Fairness here essentially means that the reward (in bitcoins) given to any participant that helps maintain the consistency of the protocol by mining, is proportional to the computational power devoted by that participant to the mining task. Without such perception of fairness, honest miners might be disincentivized to maintain the protocol, leaving the space for dishonest miners to
doi:10.1007/978-3-030-05529-5_3
fatcat:dfyq35brcfbxpaawuazesv7ize