Broadcasting Intermediate Blocks as a Defense Mechanism against Selfish Mining in Bitcoin

@inproceedings{2015BroadcastingIB,
  title={Broadcasting Intermediate Blocks as a Defense Mechanism against Selfish Mining in Bitcoin},
  author={},
  year={2015}
}
  • Published 2015
Although adopted by many cryptocurrencies, the Bitcoin mining protocol is not incentive-compatible, as the selfish mining strategy enables a miner to gain unfair mining rewards. Existing defenses either demand fundamental changes to block validity rules or have little effect on an attacker with more than one third of the total mining power. This paper proposes an effective defense mechanism against resourceful selfish miners. Our defense requires miners to publish intermediate blocks, the by… CONTINUE READING