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Bitcoin's underlying incentives

Published: 21 February 2018 Publication History

Abstract

The unseen economic forces that govern the Bitcoin protocol.

References

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Babaioff, M. et al. On Bitcoin and red balloons. In Proceedings of the 13th ACM Conference on Electronic Commerce, 2012, 56--73.
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Ball, M. et al. Proofs of Useful Work. IACR Cryptology ePrint Archive, 2017, 203.
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Carlsten, M. et al. On the instability of Bitcoin without the block reward. In Proceedings of the ACM SIGSAC Conference on Computer and Communications Security, 2016, 154--167.
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Eyal, I. The Miner's dilemma. In Proceedings of the IEEE Symposium on Security and Privacy, 2015.
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Eyal, I. and Sirer, E.G. Majority is not Enough: Bitcoin mining is vulnerable. In Proceedings of the International Conference on Financial Cryptography and Data Security. Springer, Berlin, 2014.
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Fisch, B.A., Pass, R., Shelat, A. Socially Optimal Mining Pools. arXiv preprint, 2017.
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Miller, A. et al. Nonoutsourceable scratch-off puzzles to discourage Bitcoin mining coalitions. In Proceedings of the 22nd ACM SIGSAC Conference on Computer and Communications Security. 2015.
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Miller, A. et al. Permacoin: Repurposing Bitcoin work for data preservation. In Proceedings of the IEEE Symposium on Security and Privacy, 2014.
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Nakamoto, S. Bitcoin: A peer-to-peer electronic cash system. Bitcoin.org, 2008; https://bitcoin.org/bitcoin.pdf.
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Rosenfeld, M. Analysis of Bitcoin Pooled Mining Reward Systems. arXiv preprint, 2011.
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Sapirshtein, A., Sompolinsky, Y. and Zohar, A. Optimal selfish mining strategies in Bitcoin. In Proceedings of the International Conference on Financial Cryptography and Data Security. Springer, Berlin, 2016.
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Published In

cover image Communications of the ACM
Communications of the ACM  Volume 61, Issue 3
March 2018
107 pages
ISSN:0001-0782
EISSN:1557-7317
DOI:10.1145/3190347
Issue’s Table of Contents
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 21 February 2018
Published in CACM Volume 61, Issue 3

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  • (2023)An Optimized Method for Information System Transactions Based on BlockchainIntelligent Automation & Soft Computing10.32604/iasc.2023.02918135:2(2289-2308)Online publication date: 2023
  • (2023)Introduction to Blockchain Technology with Bitcoin ProtocolEmerging Smart Technologies for Critical Infrastructure10.1007/978-3-031-29845-5_6(119-137)Online publication date: 2-Jun-2023
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