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Cryptocurrency Mining Games with Economic Discount and Decreasing Rewards
2020
Symposium on Theoretical Aspects of Computer Science
In the consensus protocols used in most cryptocurrencies, participants called miners must find valid blocks of transactions and append them to a shared tree-like data structure. Ideally, the rules of the protocol should ensure that miners maximize their gains if they follow a default strategy, which consists on appending blocks only to the longest branch of the tree, called the blockchain. Our goal is to understand under which circumstances are miners encouraged to follow the default strategy.
doi:10.4230/lipics.stacs.2020.54
dblp:conf/stacs/ArenasRTUPV20
fatcat:wzmtek7lc5h37ghejkt6l3v57y