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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