Demystifying Incentives in the Consensus Computer

@article{Luu2015DemystifyingII,
  title={Demystifying Incentives in the Consensus Computer},
  author={Loi Luu and Jason Teutsch and Raghav Kulkarni and P. Saxena},
  journal={Proceedings of the 22nd ACM SIGSAC Conference on Computer and Communications Security},
  year={2015}
}
  • Loi Luu, Jason Teutsch, +1 author P. Saxena
  • Published 2015
  • Computer Science, Business
  • Proceedings of the 22nd ACM SIGSAC Conference on Computer and Communications Security
  • Cryptocurrencies like Bitcoin and the more recent Ethereum system allow users to specify scripts in transactions and contracts to support applications beyond simple cash transactions. In this work, we analyze the extent to which these systems can enforce the correct semantics of scripts. We show that when a script execution requires nontrivial computation effort, practical attacks exist which either waste miners' computational resources or lead miners to accept incorrect script results. These… CONTINUE READING
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