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Blockchain Competit...
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Altman, EitanInstitut National de Recherche en Informatique et en Automatique (INRIA)
(författare)
Blockchain Competition Between Miners: A Game Theoretic Perspective
- Artikel/kapitelEngelska2020
Förlag, utgivningsår, omfång ...
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2020-01-17
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Frontiers Media SA,2020
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electronicrdacarrier
Nummerbeteckningar
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LIBRIS-ID:oai:research.chalmers.se:73f6833b-d0f0-4a89-a66c-e1f2dc4219de
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https://research.chalmers.se/publication/519684URI
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https://doi.org/10.3389/fbloc.2019.00026DOI
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Språk:engelska
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Sammanfattning på:engelska
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Ämneskategori:art swepub-publicationtype
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Ämneskategori:ref swepub-contenttype
Anmärkningar
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We model the competition over mining resources and over several cryptocurrencies as a non-cooperative game. Leveraging results about congestion games, we establish conditions for the existence of pure Nash equilibria and provide efficient algorithms for finding such equilibria. We account for multiple system models, varying according to the way that mining resources are allocated and shared and according to the granularity at which mining puzzle complexity is adjusted. When constraints on resources are included, the resulting game is a constrained resource allocation game for which we characterize a normalized Nash equilibrium. Under the proposed models, we provide structural properties of the corresponding types of equilibrium, e.g., establishing conditions under which at most two mining infrastructures will be active or under which no miners will have incentives to mine a given cryptocurrency.
Ämnesord och genrebeteckningar
Biuppslag (personer, institutioner, konferenser, titlar ...)
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Menasché, DanielUniversidade Federal do Rio de Janeiro (UFRJ),Federal University of Rio de Janeiro
(författare)
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Reiffers-Masson, AlexandreIndian Institute of Science
(författare)
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Datar, MandarInstitut National de Recherche en Informatique et en Automatique (INRIA)
(författare)
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Dhamal, Swapnil Vilas,1988Institut National de Recherche en Informatique et en Automatique (INRIA)(Swepub:cth)vilas
(författare)
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Touati, CorinneInstitut National de Recherche en Informatique et en Automatique (INRIA)
(författare)
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El-Azouzi, Rachid
(författare)
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Institut National de Recherche en Informatique et en Automatique (INRIA)Universidade Federal do Rio de Janeiro (UFRJ)
(creator_code:org_t)
Sammanhörande titlar
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Ingår i:Frontiers in Blockchain: Frontiers Media SA22624-7852
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