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Optimal Selfish Mining Strategies in Bitcoin
Abstract
The Bitcoin protocol requires nodes to quickly distribute newly created blocks. Strong nodes can, however, gain higher payoffs by withholding blocks they create and selectively postponing their publication. The existence of such selfish mining attacks was first reported by Eyal and Sirer, who have demonstrated a specific deviation from the standard protocol (a strategy that we name SM1).
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Cited by
An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends
Zheng, Z., Xie, S., Dai, H., Chen, X., & Wang, H. (2017) · 2017 IEEE International Congress on Big Data (BigData Congress) · doi:10.1109/bigdatacongress.2017.85 · Cited by 4,515
On the Security and Performance of Proof of Work Blockchains
Gervais, A., Karame, G. O., Wüst, K., Glykantzis, V., Ritzdorf, H., & Capkun, S. (2016) · Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security · doi:10.1145/2976749.2978341 · Cited by 1,646
A Survey on Security and Privacy Issues of Bitcoin
Conti, M., Sandeep Kumar, E., Lal, C., & Ruj, S. (2018) · IEEE Communications Surveys & Tutorials · doi:10.1109/comst.2018.2842460 · Cited by 1,116
“Indeed, numerous attacks have been described targeting different aspects of the system, including double spending [2], netsplit [3], transaction malleability [4], networking attacks [5], or attacks targeting mining [6] [7] [8] and mining pools [9].”
BackgroundA survey of blockchain from the perspectives of applications, challenges, and opportunities
Monrat, A. A., Schelen, O., & Andersson, K. (2019) · IEEE Access · doi:10.1109/access.2019.2936094 · Cited by 1,077
On the Instability of Bitcoin Without the Block Reward
Carlsten, M., Kalodner, H., Weinberg, S. M., & Narayanan, A. (2016) · Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security · doi:10.1145/2976749.2978408 · Cited by 328
Metadata
- Authors
- Sapirshtein, A., Sompolinsky, Y., & Zohar, A.
- Venue
- Lecture Notes in Computer Science
- Publisher
- Springer Berlin Heidelberg
- Published
- 2017
- Pages
- 515-532
- ISSN
- 0302-9743 (ISSN-L)
- 1611-3349
- OpenAlex
- W1523833175
- Cited by
- 477
- References
- 0
- FWCI
- 47.86
- Type
- conference paper
- Language
- en
- Open access
- closed
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- Sapirshtein, A., Sompolinsky, Y., & Zohar, A. (2017). Optimal Selfish Mining Strategies in Bitcoin. Lecture Notes in Computer Science. https://doi.org/10.1007/978-3-662-54970-4_30
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
