Pricing Security in Proof-of-Work Systems

A key component of security in decentralized blockchains is proof of opportunity cost among block producers. In the case of proof-of-work (PoW), currently used by the most prominent systems, the cost is due to spent computation. In this paper, we characterize the security investment of miners in ter...

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Hauptverfasser:	Bissias, George, Böhme, Rainer, Thibodeau, David, Levine, Brian N
Format:	Artikel
Sprache:	eng
Schlagworte:	Computer Science - Cryptography and Security
Online-Zugang:	Volltext bestellen
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