• DOI:10.1109/ICDCS.2019.00131
Corpus ID: 58006535

Selfish Mining in Ethereum

@article{Niu2019SelfishMI,
  title={Selfish Mining in Ethereum},
  author={Jianyu Niu and Chen Feng},
  journal={2019 IEEE 39th International Conference on Distributed Computing Systems (ICDCS)},
  year={2019},
  pages={1306-1316}
}

Jianyu Niu, Chen Feng

Published 2019

Computer Science

2019 IEEE 39th International Conference on Distributed Computing Systems (ICDCS)

As the second largest cryptocurrency by market capitalization and today's biggest decentralized platform that runs smart contracts, Ethereum has received much attention from both academia and industry. [...] Key Method First, we introduce a 2-dimensional Markov process to model the behavior of a selfish mining strategy inspired by a Bitcoin mining strategy proposed by Eyal and Sirer. Second, we derive the stationary distribution of our Markov model and compute long-term average mining rewards. This allows us to…Expand Abstract

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