Rethinking selfish mining under pooled mining
- Authors
- Lee, S.; Kim, S.
- Issue Date
- 2022
- Publisher
- Korean Institute of Communication Sciences
- Keywords
- Blockchain; Mining pool; Proof-of-Work; Security analysis; Selfish mining
- Citation
- ICT Express
- Indexed
- SCIE
SCOPUS
KCI
- Journal Title
- ICT Express
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/140173
- DOI
- 10.1016/j.icte.2022.03.003
- ISSN
- 2405-9595
- Abstract
- Bitcoin's core security requires honest participants to control at least 51% of the total hash power. However, it has been shown that several techniques can exploit the fair mining in the Bitcoin network. This study focuses on selfish mining, which is based on the idea, ”keeping blocks secret.” Herein, we analyze selfish mining regarding competition between mining pools. We emphasize that mining-related information is shared between mining pools and participants. Based on shared information about selfish mining, we have developed an effective and practical counter strategy. © 2022 The Author(s)
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