New publication about Blockchain Mining Games
Blockchain Mining Games Aggelos Kiayias, Elias Koutsoupias, Maria Kyropoulou, and Yiannis Tselekounis Abstract: We study the strategic considerations of miners participating in the bitcoin’s protocol. We formulate and study the stochastic game that underlies these strategic considerations. The miners collectively build a tree of blocks, and they are paid when they create a node (mine a